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- handle: 10670/1.rbn3sq
- hal: hal-01805161
- doi: 10.1016/j.econmod.2018.04.006
- PRODINRA: 454600
- WOS: 000440771000024
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info:eu-repo/semantics/altIdentifier/doi/10.1016/j.econmod.2018.04.006
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Deforestation Development Credit Public spendingsSujets proches
Capital assets Fixed assetsCiter ce document
Jean-Louis Combes et al., « Public spending, credit and natural capital : Does access to capital foster deforestation? », HAL-SHS : économie et finance, ID : 10.1016/j.econmod.2018.04.006
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Résumé
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.