Forest public goods in national accounts
Abstract
The consideration of forest public goods within national accounting requires a depiction of intersectoral relations characterized by market failure. These interrelations do not have monetary equivalents and, thus, are not yet considered in present national accounting. When interpreting these relations as flows of public goods between forestry and other sectors, monetary equivalents may be derived from market simulations. As a consequence, it is necessary to get to an extended definition of the term production including flows of public goods between institutional sectors as well as an extended definition of the term real estates including natural assets.Downloads
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