Physical and monetary asset accounting of mineral resources in India

Dasarathi Padhan and Amarendra Das

Resources Policy, 2022, vol. 78, issue C

Abstract: In this paper, we have constructed the physical and monetary asset account of mineral resources in India using the SEEA framework. We have used the Net Present Value approach to prepare the monetary asset account of Manganese Ore, Iron Ore, and Bauxite. We found that reserves of all three mineral resources have declined from 1995 to 2015 due to the steady growth of mineral extraction. The extraction rate of bauxite was faster than that of iron ore and manganese ore. Though all the minerals gave negative resource rents to the economy in 1995, it turned positive and recorded growth in the subsequent years. Because of negative resource rent in 1995, NPVs of all minerals were negative in 1995. Overall, the NPV of the resources has grown remarkably from 1995 to 2015. Our research contributes to the target two of SDG 12 which aims to achieve the sustainable management and efficient use of natural resources by 2030.

Keywords: Green accounting; Natural capital Accounting; National wealth; Natural resource; Sustainable development (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jrpoli:v:78:y:2022:i:c:s0301420722003464

DOI: 10.1016/j.resourpol.2022.102902

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