| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w1447 |
| 来源ID | Working Paper 1447 |
| New Estimates of the Value of Federal Mineral Rights and Land | |
| Michael J. Boskin; Marc S. Robinson; Terrance O'; Reilly; Praveen Kumar | |
| 发表日期 | 1984-09-01 |
| 出版年 | 1984 |
| 语种 | 英语 |
| 摘要 | We calculate a time series of the value of federal mineral rights in oil and natural gas by using various estimates of proven and unproven reserves and time series on federal government royalties and bonus payments. We also present estimates of the components of the revaluation of this series through time.The results are striking. Federal mineral rights are the single largest item in a complete balance sheet of the federal government, dominating the total value of tangible capital or financial assets. In 1981, for example, we estimate that the value of federal oil and gas rights exceeded $800 billion, which was larger than the privately held national debt. The paper also presents estimates of various confidence bounds on the value of oil and natural gas. The methodology can be extended to other minerals, although we have not done so; our estimate is a lower bound on the total value of all mineral rights.The paper also expands and extends previous estimates of the value of federal land. New data, and attention to the detailed decomposition of federal land holdings by type, lead to substantially larger estimates of the value of federal land than have been presented in previous research. Our estimate is that by 1981, the total value of federal land was $175 billion. |
| URL | https://www.nber.org/papers/w1447 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/558682 |
| 推荐引用方式 GB/T 7714 | Michael J. Boskin,Marc S. Robinson,Terrance O',et al. New Estimates of the Value of Federal Mineral Rights and Land. 1984. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w1447.pdf（245KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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