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Natural Resource Hartwick

This 3 page working paper from Queen's University's Economics Department discusses how to account for the economic depreciation of natural resources in national accounting. It notes that extracting non-renewable resources like minerals reduces the value of a nation's capital stock over time and proposes a method for including the economic value of natural capital depletion in GDP calculations.

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0% found this document useful (0 votes)
40 views16 pages

Natural Resource Hartwick

This 3 page working paper from Queen's University's Economics Department discusses how to account for the economic depreciation of natural resources in national accounting. It notes that extracting non-renewable resources like minerals reduces the value of a nation's capital stock over time and proposes a method for including the economic value of natural capital depletion in GDP calculations.

Uploaded by

shabbir
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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QED

Queen’s Economics Department Working Paper No. 771

Natural Resources, National Accounting and Economic


Depreciation

John M. Hartwick

Department of Economics
Queen’s University
94 University Avenue
Kingston, Ontario, Canada
K7L 3N6

1-1990

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