The resource rent in Norwegian aquaculture 1984-2020. Calculations applying the National Accounts
Mads Greaker and
Lars Lindholt ()
Additional contact information
Lars Lindholt: Statistics Norway, https://www.ssb.no/en/forskning/ansatte
Discussion Papers from Statistics Norway, Research Department
Abstract:
Extraordinarily high returns in a sector based on the extraction of a natural resource can be referred to as resource rents. This study uses the National Accounts and the definitions of the 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 technology except the remuneration of the aquacultural services, the resource rent will appear as the difference between the value of output and the remuneration of all other input factors. We argue that we are to a large extent able to separate other input factors from aquacultural services. We perform various sensitivity analysis as introducing higher rates of return, applying alternative wage costs and by treating the stock of 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.
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)
Pages: 23 pages
Date: 2021-08
New Economics Papers: this item is included in nep-env and nep-mac
References: Add references at CitEc
Citations:
Downloads: (external link)
https://www.ssb.no/en/nasjonalregnskap-og-konjunkt ... 17de46/DP962_web.pdf (application/pdf)
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:ssb:dispap:962
Ordering information: This working paper can be ordered from
https://www.ssb.no/e ... quaculture-1984-2020
Access Statistics for this paper
More papers in Discussion Papers from Statistics Norway, Research Department P.O.Box 8131 Dep, N-0033 Oslo, Norway. Contact information at EDIRC.
Bibliographic data for series maintained by L Maasø ().