The Resource Rent in Norwegian Aquaculture from 1984 to 2020 – Is the Rent Ripe for Taxation?

Mads Greaker and Lars Lindholt
Additional contact information
Lars Lindholt: Statistics Norway - Research Department

Working Papers from Oslo Metropolitan University, Oslo Business School

Abstract: This study uses the National Accounts and the definitions of the UN System of Environmental-Economic Accounting to calculate the resource rents in Norwegian aquaculture in the period 1984-2020. If we know the remuneration of all input factors such as capital, labour, and inter-mediates except the remuneration of the ecosystem services used in aquaculture, the resource rent will appear as the difference between the value of output and the remuneration of all other input factors. This resource rent is a combination of a Ricardian rent and regulation rent. To as-sess the size of the rent, we perform various sensitivity analysis as introducing higher rates of return, applying alternative wage costs and by treating the stock of growing fish as real capital. A robust conclusion is that there has been a significant resource rent in aquaculture since 2000 and that it has risen markedly since 2012. In the period 2016-2020 it has averaged 18-20 billion NOK per year. Hence, both from an allocative justice and economic efficiency perspective, the Norwegian aquaculture industry seems ripe for resource rent taxation.

Keywords: Resource rent; Aquaculture; National Accounts; System of Environmental-Economic Accounting (search for similar items in EconPapers)
JEL-codes: E22 L11 Q22 (search for similar items in EconPapers)
Date: 2022-01-26
New Economics Papers: this item is included in nep-env
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://doi.org/10.2139/ssrn.4018251 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:oml:wpaper:202201

DOI: 10.2139/ssrn.4018251

Access Statistics for this paper

More papers in Working Papers from Oslo Metropolitan University, Oslo Business School Contact information at EDIRC.
Bibliographic data for series maintained by Eirik Hanssen ().