Public expenses, credit and natural capital: Substitution or complementarity? - HAL-SHS - Sciences de l'Homme et de la Société Access content directly
Preprints, Working Papers, ... Year : 2014

Public expenses, credit and natural capital: Substitution or complementarity?

Abstract

Improving access to capital through credit and public spendings is an important step toward development and poverty alleviation. At the same time, deforestation-related activities, like agricultural expansion, can be seen as relying on natural capital, through the depletion of forest resources and the use of land in an extensive way. It is then important to better understand how a better access to capital influences the use of land as a natural capital. This paper assesses the relationship between financial development, public spendings and deforestation. Are they substitute or complement? Our econometric analysis shows that deforestation is positively correlated to access to credit and public spendings, which gives some evidence that natural capital is a complement to credit and public spendings.
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Dates and versions

halshs-00979191 , version 1 (15-04-2014)

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  • HAL Id : halshs-00979191 , version 1

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Jean-Louis Combes, Pascale Combes Motel, Philippe Delacote. Public expenses, credit and natural capital: Substitution or complementarity?. 2014. ⟨halshs-00979191⟩
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