Deforestation and the Real Exchange Rate - HAL Accéder directement au contenu
Pré-publication, Document de travail Année : 2011

Deforestation and the Real Exchange Rate

Résumé

Deforestation is a phenomenon that has largely been concentrated in the developing world. We construct a theoretical model of deforestation that focuses on the factors affecting the incentives to transform forested land into agricultural land. We show that: (i) lower discount rates and stronger institutions decrease deforestation; (ii) depreciations in the real exchange rate increase deforestation in developing countries whereas the opposite obtains in developed countries; (iii) paradoxically, better institutions may exacerbate the deleterious impact of depreciations in developing countries. These hypotheses are tested on an annual sample of 101 countries over the 1961-1988 period, and are not rejected by the data. Our results suggest that short-term macroeconomic policy, institutional factors, and the interaction between the two, are potentially important determinants of environmental outcomes.
Fichier principal
Vignette du fichier
2005.33.pdf ( 294.97 Ko ) Télécharger
Origine : Fichiers produits par l'(les) auteur(s)
Loading...

Dates et versions

halshs-00570477, version 1 (28-02-2011)

Identifiants

  • HAL Id : halshs-00570477 , version 1

Citer

Jean-Louis Arcand, Patrick Guillaumont, Sylviane Guillaumont Jeanneney. Deforestation and the Real Exchange Rate. 2011. ⟨halshs-00570477⟩
121 Consultations
668 Téléchargements
Dernière date de mise à jour le 28/04/2024
comment ces indicateurs sont-ils produits

Partager

Gmail Facebook Twitter LinkedIn Plus