The Bolivia’s Green National Accounts through a Commodity Super Cycle

Authors

  • Luis Carlos Jemio Institute for Advanced Development Studies (INESAD)
  • Lykke E. Andersen Institute for Advanced Development Studies (INESAD)
  • Agnes Medinaceli Institute for Advanced Development Studies (INESAD)

DOI:

https://doi.org/10.35319/lajed.201829354

Keywords:

Green Accounting, Natural Resource Rents, Bolivia

Abstract

This paper explains the concept of integrated environmental-economic accounts, also called Green National Accounts. It then presents updated results for key indicators from Bolivia’s Green National Accounts during the period 1990-2015, which covers an entire Commodity Super Cycle. The first half of this period includes the Great Commodities Depression while the second half is characterized by an unprecedented commodities boom. Results show that the contribution of ecosystem goods and services to the Bolivian economy remain relatively stable over the cycle, while the contribution of non-renewable resources increases by a factor of four between the bottom of the cycle (1993) and the top of the cycle (2011). Similarly, the differences between conventional Net Capital Formation and Environmentally-adjusted Net Capital formation is small at the bottom of the Commodity Super Cycle (2.3% of GDP) but much larger at the top of the cycle (7.7% of GDP). These results were calculated following the United Nation’s SEEA 2003 framework.

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Author Biographies

Luis Carlos Jemio, Institute for Advanced Development Studies (INESAD)

Institute for Advanced Development Studies (INESAD)

Lykke E. Andersen, Institute for Advanced Development Studies (INESAD)

Institute for Advanced Development Studies (INESAD)

Agnes Medinaceli, Institute for Advanced Development Studies (INESAD)

Institute for Advanced Development Studies (INESAD)

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Published

2018-05-07

How to Cite

Jemio, L. C. ., Andersen, L. E. ., & Medinaceli, A. . (2018). The Bolivia’s Green National Accounts through a Commodity Super Cycle. Latin American Journal of Economic Development, 16(29), 51–84. https://doi.org/10.35319/lajed.201829354

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