Estimating Timber Depreciation in the Brazilian Amazon
Ronaldo Seroa da Motta
Claudio A. Ferraz do Amaral
Co-ordination of Environmental Studies
Research Institute of Applied Economics (IPEA)
email: [email protected]
Planning and Statistics Branch
Policy and Planning Division
Forestry Department
FOREWORD
ABSTRACT
INTRODUCTION
Background
FOREST CONVERSION PATTERN IN THE BRAZILIAN AMAZON
Socio-Economic Factors
Open Access Features
Logging Activity Outline
ACCOUNTING METHODOLOGIES FOR CALCULATING THE DEPRECIATION OF NATURAL CAPITAL
Adjustment in National Accounts
The Change in Value Method
Total Hotelling Rent as Depreciation
The Net Price Method (NPM)
The El Serafy Method (ESM)
Vincent and Hartwick Approach
THE ECONOMICS OF TIMBER EXPLOITATION IN OPEN ACCESS REGIMES
THE BRAZILIAN CASE STUDY
The Estimation Sets
Database
Results
FINAL COMMENTS
APPENDIX
BIBLIOGRAPHY