Study: Accounting for natural capital in productivity of the mining and oil and gas sector, 1981 to 2009
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A new study, "Accounting for Natural Capital in Productivity of the Mining and Oil and Gas Sector," presents a new framework for including natural capital—subsoil mineral and energy resources—in estimates of the Canadian oil and gas extraction industry's multifactor productivity (MFP) and sources of economic growth.
From 1981 to 2009, the oil and gas extraction industry's MFP fell 2.2% each year on average. However, when natural capital is taken into account, the industry's MFP fell by much less—on average 1.5% each year over the same period, according to the study.
Natural capital also had an impact on the oil and gas extraction industry's economic growth. The industry's real value-added growth was 2.3% per year from 1981 to 2009 and 0.3 percentage points of that growth was attributable to increases in natural capital input.
Note to readers
The study, "Accounting for Natural Capital in Productivity of the Mining and Oil and Gas Sector," describes the framework used to include natural capital in the calculation of the Canadian oil and gas extraction industry's multifactor productivity and sources of economic growth. The framework includes methods of assessing the income attributable to natural capital as well as the value of natural resource reserves.
The research paper "Accounting for Natural Capital in Productivity of the Mining and Oil and Gas Sector," part of the Analytical Studies Branch Research Paper Series (11F0019M), is now available from the Browse by key resource module of our website under Publications.
For more information, contact us (toll-free 1-800-263-1136; 514-283-8300; STATCAN.infostats-infostats.STATCAN@canada.ca).
To enquire about the concepts, methods or data quality of this release, contact, Weimin Wang (613-951-3606; email@example.com), Economic Analysis Division.
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