Public spending, credit and natural capital: Does access to capital foster deforestation?
| Autor: | Pascale Combes Motel, Jean-Louis Combes, Thierry Yogo, Philippe Delacote |
|---|---|
| Přispěvatelé: | Centre d'Études et de Recherches sur le Développement International (CERDI), Université Clermont Auvergne [2017-2020] (UCA [2017-2020])-Centre National de la Recherche Scientifique (CNRS), Bureau d'Économie Théorique et Appliquée (BETA), Université de Lorraine (UL)-Université de Strasbourg (UNISTRA)-Institut National de la Recherche Agronomique (INRA)-Centre National de la Recherche Scientifique (CNRS), Climate Economics Chair, Université Paris Dauphine-PSL, Université Paris sciences et lettres (PSL)-Université Paris sciences et lettres (PSL), The World Bank (The World Bank), The World Bank, Institut National de la Recherche Agronomique (INRA)-Université de Strasbourg (UNISTRA)-Université de Lorraine (UL)-Centre National de la Recherche Scientifique (CNRS), Centre d'Études et de Recherches sur le Développement International - Clermont Auvergne (CERDI), Université Clermont Auvergne (UCA)-Centre National de la Recherche Scientifique (CNRS), Centre National de la Recherche Scientifique (CNRS)-Université Clermont Auvergne [2017-2020] (UCA [2017-2020]) |
| Jazyk: | angličtina |
| Rok vydání: | 2018 |
| Předmět: |
Economics and Econometrics
Public economics Credit 05 social sciences 1. No poverty Developing country 15. Life on land Development Deforestation Development Credit Public spendings [SHS.ECO]Humanities and Social Sciences/Economics and Finance Public spending 13. Climate action Deforestation Forest cover Capital (economics) 11. Sustainability 0502 economics and business Economics 050202 agricultural economics & policy Natural capital Public spendings 050207 economics |
| Zdroj: | Economic Modelling Economic Modelling, Elsevier, 2018, 73, pp.306-316. ⟨10.1016/j.econmod.2018.04.006⟩ Economic Modelling, 2018, 73, pp.306-316. ⟨10.1016/j.econmod.2018.04.006⟩ Economic Modelling, Elsevier, 2018, ⟨10.1016/j.econmod.2018.04.006⟩ |
| ISSN: | 0264-9993 |
| DOI: | 10.1016/j.econmod.2018.04.006⟩ |
| Popis: | International audience; Improving access to man-made capital through domestic credit and public spending is a step towards development. Developing countries rely also on natural capital, which may generate possible conflicts between environment and development targets. Taking the case of land-use and deforestation, this paper revisits the links between man-made and natural capital. Relying on a model of income maximization, we theoretically assess how better access to man-made capital through public spending and credit, influences forest cover loss. Econometric investigations, over the period 2001–2012, show that forest cover loss is positively influenced by credit and public spending. A better access to capital is thus detrimental to the forest. This can be interpreted as a Tinbergen rule : the development objective of facilitating access to man-made capital cannot be tackled without facing the objective of environmental protection. |
| Databáze: | OpenAIRE |
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