Sustainability or natural capital disinvestment? A retrospective on Brazilian economic growth, 1965-1993

This paper evaluates the consequences of the Brazilian ‘economic miracle’ of the 1960s and 70s on the country’s natural environmental, with particular attention to two questions. First, to what extent did natural resource depletion - particularly Amazonian deforestation - after the economic miracle...

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Autor principal:	Mariano Torras
Formato:	article
Lenguaje:	EN PT
Publicado:	Universidade de São Paulo 2000
Materias:	national income accounting natural resource depletion sustainability Economics as a science HB71-74
Acceso en línea:	https://doaj.org/article/95983ab2b9e64536a32c25f845ff3c8e
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id	oai:doaj.org-article:95983ab2b9e64536a32c25f845ff3c8e
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spelling	oai:doaj.org-article:95983ab2b9e64536a32c25f845ff3c8e2021-11-24T16:07:53ZSustainability or natural capital disinvestment? A retrospective on Brazilian economic growth, 1965-19930101-41611980-5357https://doaj.org/article/95983ab2b9e64536a32c25f845ff3c8e2000-09-01T00:00:00Zhttps://www.revistas.usp.br/ee/article/view/117648https://doaj.org/toc/0101-4161https://doaj.org/toc/1980-5357This paper evaluates the consequences of the Brazilian ‘economic miracle’ of the 1960s and 70s on the country’s natural environmental, with particular attention to two questions. First, to what extent did natural resource depletion - particularly Amazonian deforestation - after the economic miracle impact adversely on the opportunity for continued well-being improvements in Brazil? Second, was the government policy of targeting incentives toward investment in the Brazilian states in the North and Center-West economically sustainable in the long run? To address the first question, I use a ‘green accounting’ framework that corrects GDP growth for the value of depleted mineral, timber, and soil stocks, and apply it to Brazilian data from 1965 to 1993. For the second question, I base sustainability on whether gross capital formation exceeds the total value of resource depletion, and compare results under two alternative indicators for the same period. The results are generally inauspicious, especially in years subsequent to 1980, and cast considerable doubt on the efficacy of earlier government policies. Mariano TorrasUniversidade de São Pauloarticlenational income accountingnatural resource depletionsustainabilityEconomics as a scienceHB71-74ENPTEstudos Econômicos, Vol 30, Iss 3 (2000)
institution	DOAJ
collection	DOAJ
language	EN PT
topic	national income accounting natural resource depletion sustainability Economics as a science HB71-74
spellingShingle	national income accounting natural resource depletion sustainability Economics as a science HB71-74 Mariano Torras Sustainability or natural capital disinvestment? A retrospective on Brazilian economic growth, 1965-1993
description	This paper evaluates the consequences of the Brazilian ‘economic miracle’ of the 1960s and 70s on the country’s natural environmental, with particular attention to two questions. First, to what extent did natural resource depletion - particularly Amazonian deforestation - after the economic miracle impact adversely on the opportunity for continued well-being improvements in Brazil? Second, was the government policy of targeting incentives toward investment in the Brazilian states in the North and Center-West economically sustainable in the long run? To address the first question, I use a ‘green accounting’ framework that corrects GDP growth for the value of depleted mineral, timber, and soil stocks, and apply it to Brazilian data from 1965 to 1993. For the second question, I base sustainability on whether gross capital formation exceeds the total value of resource depletion, and compare results under two alternative indicators for the same period. The results are generally inauspicious, especially in years subsequent to 1980, and cast considerable doubt on the efficacy of earlier government policies.
format	article
author	Mariano Torras
author_facet	Mariano Torras
author_sort	Mariano Torras
title	Sustainability or natural capital disinvestment? A retrospective on Brazilian economic growth, 1965-1993
title_short	Sustainability or natural capital disinvestment? A retrospective on Brazilian economic growth, 1965-1993
title_full	Sustainability or natural capital disinvestment? A retrospective on Brazilian economic growth, 1965-1993
title_fullStr	Sustainability or natural capital disinvestment? A retrospective on Brazilian economic growth, 1965-1993
title_full_unstemmed	Sustainability or natural capital disinvestment? A retrospective on Brazilian economic growth, 1965-1993
title_sort	sustainability or natural capital disinvestment? a retrospective on brazilian economic growth, 1965-1993
publisher	Universidade de São Paulo
publishDate	2000
url	https://doaj.org/article/95983ab2b9e64536a32c25f845ff3c8e
work_keys_str_mv	AT marianotorras sustainabilityornaturalcapitaldisinvestmentaretrospectiveonbrazilianeconomicgrowth19651993
_version_	1718414826060906496

Sustainability or natural capital disinvestment? A retrospective on Brazilian economic growth, 1965-1993

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