Merc 11 déc - Séance 3 "Modélisations originales en Economie écologique et territoriale" - Intervention de M. Thomassin (McGill University - Canada)

Natural resource accounting provides information on the role that natural capital plays in supporting economic activity and how the impacts of economic activity impacts natural resources. The value of a land derives from its use and that affects  the  productivity of the land will be reflected in its purchase price.

In an international symposium on " cycles of the biosphere and their territorial contexts " organized by Reed , December 10, 2013 .
Two researchers René Roy and Paul J. Thomassin Department of Agricultural Economics , McGill University, Montreal , Quebec
Presented "Integrating natural capital in a system of Environmental and Economic Accounting : Estimate of the richness of farmland in Quebec "

The objective is to  use Hedonic price modelling  to analyze the implicit price of a land as heterogeneous  good. It is highly relevant to

measuring the value of externalities empirically because they are, by definition, not separately transacted in the market

A hedonic price model was used to create the richness of farmland in Quebec. Creating a good economic information and property from individual land transactions combined with the physical attributes of the earth ; using the geographic information system (GIS ) technology to estimate the implicit prices of the attributes of agricultural land in Quebec.

Values ​​estimated by this approach in comparison will be compatibility with the current system of national accounts .
The creation of an  wealth account of agricultural land is a useful tool to assess the effects of human activity on natural capital , its evolution over time and the incorporation of changes in natural capital in public policy decision making .

 A business or economy will understand the true extent of the contribution of its assets to its production , so it will really understand the sustainability of its business or the economy in the long term done on the Land.

Thus, this new approach developed will surely improve our understanding of factors that affect the value of agricultural land and quantify their impact.

 

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Article écrit par Israël Afere (Etudiant Master MEDIATION UVSQ)