Including the change in natural capital stock and environmental degradation in Peruvian mining GDP and NNP

• Autores: Orihuela, Carlos Enrique, Chumpitaz Añi, Victor Carlos Michel, Dávila García, José Yasser
• Formato: artículo
• Fecha de Publicación: 2024
• Institución: Universidad ESAN
• Repositorio: ESAN-Institucional
• Lenguaje: inglés
• OAI Identifier: oai:repositorio.esan.edu.pe:20.500.12640/4451
• Enlace del recurso: https://hdl.handle.net/20.500.12640/4451; https://doi.org/10.7201/earn.2024.01.06
• Nivel de acceso: acceso abierto
• Materia: Mining; GDP; NNP; Natural depreciation; Degradation; Hotelling rent; Minería; PIB; PNN; Depreciación natural; Degradación; Renta de Hotelling; https://purl.org/pe-repo/ocde/ford#1.05.00

This study adjusts the net national product (NNP) and gross domestic product (GDP) of the Peruvian mining sector by incorporating natural capital depreciation, new discoveries, and environmental degradation during the period 1994–2018. The results suggest that NNP has been overestimated, on average, by 172 % to 210 %, which is attributed to the omission of natural depreciation. When GDP was corrected, the overestimation fluctuated between 64% and 72%. This highlights the importance of including natural capital depreciation, especially in countries whose economies are highly dependent on extractive industries, as is the case of Peru.