TY - JOUR
T1 - The value of nature in Thailand
T2 - A macroeconomic perspective and implications for social policy
AU - Thampapillai, Dodo J.
AU - Thangavelu, Shandre M.
AU - Quah, Euston T.
PY - 2006
Y1 - 2006
N2 - This paper adopts a simple method for the elicitation of the price and quantity of environmental capital (KN), as point estimates, from the Income Approach to National Accounts. The stock of KN considered here is confined to the air-shed of an economy and gets utilised in the formation of aggregate output (Y). The price and quantity estimates of KN are defined on the same scale as those of manufactured capital (KM), that is, price as a composite measure of an interest rate and a depreciation rate, and quantity as an aggregate measure at constant prices. The trends of the estimates reveal that, despite improvements in the rate of utilisation of KN, there is evidence of increasing scarcity of KN.
AB - This paper adopts a simple method for the elicitation of the price and quantity of environmental capital (KN), as point estimates, from the Income Approach to National Accounts. The stock of KN considered here is confined to the air-shed of an economy and gets utilised in the formation of aggregate output (Y). The price and quantity estimates of KN are defined on the same scale as those of manufactured capital (KM), that is, price as a composite measure of an interest rate and a depreciation rate, and quantity as an aggregate measure at constant prices. The trends of the estimates reveal that, despite improvements in the rate of utilisation of KN, there is evidence of increasing scarcity of KN.
UR - http://www.scopus.com/inward/record.url?scp=33846480128&partnerID=8YFLogxK
U2 - 10.1504/IJEWE.2006.011755
DO - 10.1504/IJEWE.2006.011755
M3 - Article
AN - SCOPUS:33846480128
VL - 2
SP - 359
EP - 372
JO - International Journal of Environment, Workplace and Employment
JF - International Journal of Environment, Workplace and Employment
SN - 1741-8437
IS - 4
ER -