Including the change in natural capital stock and environmental degradation in Peruvian mining GDP and NNP

Carlos Enrique Orihuela, Víctor Carlos Michel Chumpitaz Añi and José Yasser Dávila García

Economia Agraria y Recursos Naturales, 2024, vol. 24, issue 01

Abstract: [EN] 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. [ES] Este estudio ajusta el producto nacional neto (PNN) y producto interno bruto (PIB) del sector minero peruano, mediante la inclusión de la depreciación del capital natural, nuevos descubrimientos y degradación ambiental durante el período 1994–2018. Los resultados sugieren que PNN ha sido sobre estimado entre 172 % y 210%, debido a la omisión de la depreciación natural. Cuando el PIB fue corregido, la sobre estimación fluctuó entre 64 % y 72 %. Esto resalta la importancia de incluir la depreciación del capital natural, especialmente en países cuya economía es altamente dependiente de las industrias extractivas como es Perú.

Keywords: Environmental; Economics; and; Policy (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:ags:earnsa:344096

DOI: 10.22004/ag.econ.344096

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