The System of National Accounts inadequately reflects levels of, or changes in, the natural resource base. Natural Resource Accounts are designed to redress this shortcoming. A wealth account for Quebec agricultural land was constructed, taking an inventory of land with capability for agriculture and monetizing the stocks. The changes to the wealth account over a 15 year period represented a loss to the resource base of $260 million and an average annual charge against net farm income of $17.3 million. Prices for the valuation exercise were determined with the use of a Hedonic Pricing Model. The estimated implicit prices for the classes of the Canada Land Inventory revealed premiums for differences in productivity between the classes. Regional variables that accounted for many non-agricultural effects were also highly significant.
| Identifer | oai:union.ndltd.org:LACETR/oai:collectionscanada.gc.ca:QMM.27387 |
| Date | January 1997 |
| Creators | Patterson, Katherine Liza. |
| Contributors | Thomassin, Paul (advisor) |
| Publisher | McGill University |
| Source Sets | Library and Archives Canada ETDs Repository / Centre d'archives des thèses électroniques de Bibliothèque et Archives Canada |
| Language | English |
| Detected Language | English |
| Type | Electronic Thesis or Dissertation |
| Format | application/pdf |
| Coverage | Master of Science (Department of Agricultural Economics.) |
| Rights | All items in eScholarship@McGill are protected by copyright with all rights reserved unless otherwise indicated. |
| Relation | alephsysno: 001555896, proquestno: MQ29762, Theses scanned by UMI/ProQuest. |
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