Resource rent method Sample Clauses

Resource rent method. 3.3.1.4.1 Methodology Resource rent was calculated using data from national accounts in following formula: Output Less intermediate consumption Less compensation of employees Less other taxes on production Plus other subsidies on production Equals Gross operating surplus Less consumption of fixed capital (depreciation) Less return to produced assets Less labor of self-employed persons Equals Resource rent Resource rent method is used for calculating ecosystem service value by subtracting all costs for capital and labour from the total revenue. The residual value is attributed as the ecosystem contribution. Data in national accounts are quite aggregated and only total data of XXXX 01 – Crop and animal production, hunting and related service activities were available. Using financial data from agricultural statistics, it was possible to distinguish separately crop production, animal production and hunting and related service activities. Distinction of fodder from total crop production was made using shares from agricultural statistics. Return to produced assets was not readily available from national accounts production accounts team and had to be calculated separately according to formula in the manual of SNA on capital production account. Statistics Netherlands suggested to use 2% of the asset value in order to estimate the return to produced assets. Total asset value of XXXX 01 was available from national accounts. First the share of fodder was used to distinguish fodder from total XXXX 01 and then 2% was used to calculate the return to the produced assets. Also labour of self-employed persons had to be calculated as these are not recorded under the compensation of employees. The income of self-employed was calculated using data on the average wages in XXXX A and the employment (in fte) of self-employed people. This method gives the results of actual supply of fodder traded on the market and is also included in national accounts.
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Related to Resource rent method

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