TABLES

Table 1 National accounting matrix for timber-producing forest (no deforestation or depreciation of human-made capital).

	Labor	Capital	Forest	Consumer goods	Investment goods	Logs	Households
Labor				Wages paid to labor employed in production of consumer goods	Wages paid to labor employed in production of investment goods	Wages paid to labor employed in timber harvesting
Capital				Earnings on capital employed in production of consumer goods	Earnings on capital employed in production of investment goods	Earnings on capital employed in timber harvesting
Forest							-Depreciation of timber
Consumer goods							Expenditure on consumer goods
Investment goods							Expenditure on investment goods
Logs				Logs used in production of consumer goods	Logs used in production of investment goods	Logs used in timber harvesting
Households	Total wages	Total earnings on capital	-Depreciation of timber			Total resource rent

Table 2 Additional entries to national accounting matrix in Table 1, due to forest amenities.

Table 3 National accounting matrix for timber-producing forest, with deforestation.

	Labor	Capital	Forest	Agricultural land	Consumer goods	Investment goods	Logs	Land clearing	Households
Labor					Wages paid to labor employed in production of consumer goods	Wages paid to labor employed in production of investment goods	Wages paid to labor employed in timber harvesting	Wages paid to labor employed in land clearing
Capital					Earnings on capital employed in production of consumer goods	Earnings on capital employed in production of investment goods	Earnings on capital employed in timber harvesting	Earnings on capital employed in land clearing
Forest									- Depreciation of timber
Agricultural land					Payments to agricultural land employed in production of consumer goods	Payments to agricultural land employed in production of investment goods
Consumer goods									Expenditure on consumer goods
Investment goods									Expenditure on investment goods
Logs					Logs used in production of consumer goods	Logs used in production of investment goods	Logs used in timber harvesting	Timber used in land clearing
Land clearing									Price of agricultural land minus price of forestland, times area deforested
Households	Total wages	Total earnings on capital	- Depreciation of timber	Agricultural rents			Total resource rent from timber harvesting in remaining forest	Total resource rent from timber harvesting during land clearing

Table 4 Net accumulation of timber: comparison of approaches

Characteristics of forest				Depreciation approaches
Characteristics of forest				Present	El Serafy	Net price	Net
t	q(t)	q'(t)	V(t)	value	variation	variation	depletion
(yr)	(m³/ha)	(m³/ha/yr)	(RM/ha)	(RM/ha)	(RM/ha)	(RM/ha)	(RM/ha)
1	0.0	0.00	1041	42	42	42	0
2	0.0	0.00	1082	43	43	43	0
3	0.0	0.00	1126	45	45	45	0
4	0.0	0.00	1171	47	47	47	0
5	0.0	0.00	1217	49	49	49	0
6	0.0	0.02	1266	51	51	51	1
7	0.0	0.05	1317	53	53	53	4
8	0.1	0.12	1369	55	55	55	8
9	0.3	0.22	1424	57	57	57	15
10	0.6	0.35	1481	59	59	59	24
11	1.0	0.49	1540	62	62	62	35
12	1.6	0.65	1602	64	64	64	46
13	2.3	0.82	1666	67	67	67	57
14	3.2	0.98	1733	69	69	69	69
15	4.3	1.14	1802	72	72	72	80
16	5.5	1.29	1874	75	75	75	90
17	6.8	1.42	1949	78	78	78	99
18	8.3	1.54	2027	81	81	81	108
19	9.9	1.65	2108	84	84	84	115
20	11.6	1.74	2193	88	88	88	122
21	13.4	1.82	2280	91	91	91	128
22	15.3	1.89	2371	95	95	95	132
23	17.2	1.95	2466	99	99	99	136
24	19.1	1.99	2565	103	103	103	140
25	21.2	2.03	2668	107	107	107	142
26	23.2	2.06	2774	111	111	111	144
27	25.3	2.08	2885	115	115	115	146
28	27.4	2.09	3001	120	120	120	147
29	29.5	2.10	3121	125	125	125	147
30	31.6	2.10	3245	130	130	130	147
31	33.7	2.10	3375	135	135	135	147
32	35.8	2.10	3510	140	140	140	147
33	37.9	2.09	3651	-2610	-2610	-2610	-2650
Notes: 1. q(t) = 0.65 * 132* e^1-60/t
2. q'(t) = 60 * q(t)/t²
3. V(t): see (19) in Appendix 2. p = RM115/m³, c = RM45/m³, i = 4%, T = 33 yrs.

Table 5 - National accounting matrix: closed economy, no deforestation

Table 6 Partial national accounting matrix: nonmarket forest amenities

Table 7 National accounting matrix: closed economy, with deforestation