Accounting for Vietnam’s Wealth: The Role of Natural Resources

Finn Tarp, Manh Hai Nguyen, Nguyet Hong Vu Xuan, Hoa Ho Cong, Silva Patricia and Mortensen Jørgen Birk

MPRA Paper from University Library of Munich, Germany

Abstract: This study estimates the capital or stock value of Vietnam’s natural resources. Natural resources are special economic goods because they are not produced. As a consequence, natural resources yield economic profits—rents—if properly managed. These rents can be an important source of development finance for poor countries (World Bank, 2006). The value of natural resources is estimated based on the net present value of income flows that can be generated from these resources (resource rents). Thus the capital value of natural resources is the based on the value an investor would pay for the resource based on its income flow potential. Together with measures of the value from Vietnam’s other important resources, human and produced capital, one could then assess whether Vietnam is on a sustainable development path by monitoring the value of its wealth overtime.

Keywords: wealth; Vietnam; natural resources (search for similar items in EconPapers)
JEL-codes: E01 O13 Q01 (search for similar items in EconPapers)
Date: 2007-09
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:29391

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