Abstract
The paper’s goal is to evaluate the natural wealth of Ukraine with application of the natural capital concept. The approach represents classification of natural resources with assessment of their reproduction and capitalization indicators. The natural capital is assessed summing up values of natural resources (land, water, forest and minerals) by territories and sectors. Natural resources are evaluated with income approach or the capital circulation. It presumes assessment of social and economic efficiency of the natural resources use, investments, and natural rent. Emergency coefficient is determined with rate of income from ecological or reproductive rent taking into account other factors of the capital reproduction. It is proved that land and mineral resources prevail in the natural wealth’s structure, and land resources are the most expensive component of the natural wealth. The mineral resources are important since they determine the national economy’s structure. In many regions of Ukraine forests are the prominent resource. Almost every the region has one or more key components of the natural wealth, and it advances the competitiveness of a regional economy. The study depicts the value and regional distribution of the natural wealth of Ukraine both in total and per capita in some points are lower than in average for the world.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
References
Igor F, Olha B, Vasyl B et al (2023) Research of directions of effective management of natural resources in Ukraine. In: Alareeni B, Hamdan A (eds) Innovation of businesses, and digitalization during Covid-19 pandemic. ICBT 2021. LNNS, vol 488. Springer, Cham, pp 657–670. https://doi.org/10.1007/978-3-031-08090-6_40
Barbier E (2019) The concept of natural capital. Oxf Rev Econ Policy 35(1):14–36. https://doi.org/10.1093/oxrep/gry028
Helm D (2019) Natural capital: assets, systems, and policies. Oxf Rev Econ Policy 35(1):1–13. https://doi.org/10.1093/oxrep/gry027
Resce G (2021) Wealth-adjusted human development index. J Clean Prod 318:128587. https://doi.org/10.1016/j.jclepro.2021.128587
Unger JM, Rauch A, Frese M, Rosenbusch N (2011) Human capital and entrepreneurial success: a meta-analytical review. J Bus Ventur 26(3):341–358. https://doi.org/10.1016/j.jbusvent.2009.09.004
Stavi I, Lal R (2015) Achieving zero net land degradation: challenges and opportunities. J Arid Environ 112(A):44–51. https://doi.org/10.1016/j.jaridenv.2014.01.016
Khvesyk MA, Shubalyi OM, Khvesyk JM, Vasilik NM (2019) Conceptual basis of transformation of ecological and economic relations in the forest sector of Ukraine in the context of European integration. Folia For Pol, Ser A 61(2):97–111. https://doi.org/10.2478/ffp-2019-0010
Turner K, Anderson S, Gonzales-Chang M et al (2016) A review of methods, data, and models to assess changes in the value of ecosystem services from land degradation and restoration. Ecol Model 319:190–207. https://doi.org/10.1016/j.ecolmodel.2015.07.017
Yamaguchi R (2020) Available capital, utilized capital, and shadow prices in inclusive wealth accounting. Ecol Econ 169:106525. https://doi.org/10.1016/j.ecolecon.2019.106525
Colignatus T (2020) National accounts in the anthropocene: hueting’s environmental functions and environmentally sustainable national income: translation and relevance for ecosystem services. Ecosyst Serv 43:101094. https://doi.org/10.1016/j.ecoser.2020.101094
Costanza R (2020) Valuing natural capital and ecosystem services toward the goals of efficiency, fairness, and sustainability. Ecosyst Serv 43:101096. https://doi.org/10.1016/j.ecoser.2020.101096
Victor P (2020) Cents and nonsense: a critical appraisal of the monetary valuation of nature. Ecosyst Serv 42:101076. https://doi.org/10.1016/j.ecoser.2020.101076
Fleming A, Grady A, Stitzlein C et al (2022) Improving acceptance of natural capital accounting in land use decision making: barriers and opportunities. Ecol Econ 200:107510. https://doi.org/10.1016/j.ecolecon.2022.107510
Sinha A, Sengupta T (2019) Impact of natural resource rents on human development: what is the role of globalization in Asia Pacific countries? Resour Policy 63:101413. https://doi.org/10.1016/j.resourpol.2019.101413
Ampofo G, Cheng J, Asante D, Bosah P (2020) Total natural resource rents, trade openness and economic growth in the top mineral-rich countries: new evidence from nonlinear and asymmetric analysis. Resour Policy 68:101710. https://doi.org/10.1016/j.resourpol.2020.101710
Canh N, Schinckus C, Thanh S (2020) The natural resources rents: is economic complexity a solution for resource curse? Resour Policy 69:101800. https://doi.org/10.1016/j.resourpol.2020.101800
Zhang D, Guo Z, Niu X et al (2022) Comprehensive evaluation on sustainable development based on planetary pressures and ecological well-being performance: a case study on the belt and road regions. J Clean Prod 376:134211. https://doi.org/10.1016/j.jclepro.2022.134211
Ruijs A, Egmond P (2017) Natural capital in practice: how to include its value in Dutch decision-making processes. Ecosyst Serv 25:106–116. https://doi.org/10.1016/j.ecoser.2017.03.025
Krevel C (2021) Does natural capital depletion hamper sustainable development? Panel data evidence. Resour Policy 72:102087. https://doi.org/10.1016/j.resourpol.2021.102087
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2023 The Author(s), under exclusive license to Springer Nature Switzerland AG
About this paper
Cite this paper
Khvesyk, M., Bystrakov, I., Ilina, M. (2023). Structural Evaluation of the Natural Wealth of Ukraine and the Regions. In: Arsenyeva, O., Romanova, T., Sukhonos, M., Biletskyi, I., Tsegelnyk, Y. (eds) Smart Technologies in Urban Engineering. STUE 2023. Lecture Notes in Networks and Systems, vol 808. Springer, Cham. https://doi.org/10.1007/978-3-031-46877-3_16
Download citation
DOI: https://doi.org/10.1007/978-3-031-46877-3_16
Published:
Publisher Name: Springer, Cham
Print ISBN: 978-3-031-46876-6
Online ISBN: 978-3-031-46877-3
eBook Packages: Intelligent Technologies and RoboticsIntelligent Technologies and Robotics (R0)