Including the change in natural capital stock and environmental degradation in Peruvian mining GDP and NNP
This study adjusts the net national product (NNP) and gross domestic product (GDP) of the Peruvian mining sector by incorporating natural capital depreciation, new discoveries, and environmental degradation during the period 1994–2018. The results suggest that NNP has been overestimated, on average...
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| Format: | Article |
| Language: | English |
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Universitat Politècnica de València
2024-06-01
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| Series: | Economía Agraria y Recursos Naturales |
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| Online Access: | https://polipapers.upv.es/index.php/EARN/article/view/18126 |
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| author | Carlos Enrique Orihuela Victor Carlos Michel Chumpitaz Añi José Yasser Dávila García |
| author_facet | Carlos Enrique Orihuela Victor Carlos Michel Chumpitaz Añi José Yasser Dávila García |
| author_sort | Carlos Enrique Orihuela |
| collection | DOAJ |
| description | This study adjusts the net national product (NNP) and gross domestic product (GDP) of the Peruvian mining sector by incorporating natural capital depreciation, new discoveries, and environmental degradation during the period 1994–2018. The results suggest that NNP has been
overestimated, on average, by 172 % to 210 %, which is attributed to the omission of natural depreciation. When GDP was corrected, the overestimation fluctuated between 64 % and 72 %. This underscores the importance of including natural capital depreciation, especially in countries whose economy is highly dependent on extractive industries, as is the case of Peru. |
| format | Article |
| id | doaj-art-db05a60b69ba4b08bae9b5968cbaa6fa |
| institution | Kabale University |
| issn | 1578-0732 2174-7350 |
| language | English |
| publishDate | 2024-06-01 |
| publisher | Universitat Politècnica de València |
| record_format | Article |
| series | Economía Agraria y Recursos Naturales |
| spelling | doaj-art-db05a60b69ba4b08bae9b5968cbaa6fa2024-12-02T07:13:00ZengUniversitat Politècnica de ValènciaEconomía Agraria y Recursos Naturales1578-07322174-73502024-06-0124112715210.7201/earn.2024.01.0617316Including the change in natural capital stock and environmental degradation in Peruvian mining GDP and NNPCarlos Enrique Orihuela0https://orcid.org/0000-0002-5787-0950Victor Carlos Michel Chumpitaz Añi1https://orcid.org/0000-0003-4253-4978José Yasser Dávila García2https://orcid.org/0000-0002-1310-1690National Agrarian University National Agrarian UniversityEsan University This study adjusts the net national product (NNP) and gross domestic product (GDP) of the Peruvian mining sector by incorporating natural capital depreciation, new discoveries, and environmental degradation during the period 1994–2018. The results suggest that NNP has been overestimated, on average, by 172 % to 210 %, which is attributed to the omission of natural depreciation. When GDP was corrected, the overestimation fluctuated between 64 % and 72 %. This underscores the importance of including natural capital depreciation, especially in countries whose economy is highly dependent on extractive industries, as is the case of Peru.https://polipapers.upv.es/index.php/EARN/article/view/18126mininggdpnnpnatural depreciationdegradationhotelling rent |
| spellingShingle | Carlos Enrique Orihuela Victor Carlos Michel Chumpitaz Añi José Yasser Dávila García Including the change in natural capital stock and environmental degradation in Peruvian mining GDP and NNP Economía Agraria y Recursos Naturales mining gdp nnp natural depreciation degradation hotelling rent |
| title | Including the change in natural capital stock and environmental degradation in Peruvian mining GDP and NNP |
| title_full | Including the change in natural capital stock and environmental degradation in Peruvian mining GDP and NNP |
| title_fullStr | Including the change in natural capital stock and environmental degradation in Peruvian mining GDP and NNP |
| title_full_unstemmed | Including the change in natural capital stock and environmental degradation in Peruvian mining GDP and NNP |
| title_short | Including the change in natural capital stock and environmental degradation in Peruvian mining GDP and NNP |
| title_sort | including the change in natural capital stock and environmental degradation in peruvian mining gdp and nnp |
| topic | mining gdp nnp natural depreciation degradation hotelling rent |
| url | https://polipapers.upv.es/index.php/EARN/article/view/18126 |
| work_keys_str_mv | AT carlosenriqueorihuela includingthechangeinnaturalcapitalstockandenvironmentaldegradationinperuvianmininggdpandnnp AT victorcarlosmichelchumpitazani includingthechangeinnaturalcapitalstockandenvironmentaldegradationinperuvianmininggdpandnnp AT joseyasserdavilagarcia includingthechangeinnaturalcapitalstockandenvironmentaldegradationinperuvianmininggdpandnnp |