Investor Presentaiton

Appendix - Variables and Indexes Variables: PA: protected area share of state territory in % icms_e: dummy variable for ICMS-E: 1 if ecological fiscal transfers in force in state i year t, 0 if otherwise agr. share of valued added by agriculture of valued added by economic activity (agr+ind+ser) in % (constant prices R$2000) in thousands ind: share of valued added by industry of valued added by economic activity (agr+ind+ser) in % (constant prices R$2000) in thousands ser. share of valued added by service of valued added by economic activity (agr+ind+ser) in % (constant prices R$2000) in thousands pop: population density cap/km² inc: GDP per capita in constant prices R$2010 in thousands arpa: dummy variable for a policy on protected areas in the amazon 1 if in force in state i year t, 0 if otherwise OPA: other government level protected areas (e.g. state level PAs sta and federal level PAs fed when regressing on municipal PAs mun) biome: set of dummy variables for the biomes in Brazil: ama: amazon biome 1 if major share of state i territory cer: cerrado biome 1 if major share of state i territory caa: caatinga biome 1 if major share of state i territory mat: mata atlantica biome 1 if major share of state i territory pan: pantanal biome 1 if major share of state i territory pam: pampa biome 1 if major share of state i territory int: set of interaction variables of icms_e with agr, ind, ser, pop, and inc, respectively Indexes: ¡ indexes the 26 federal states and the federal district t indexes years from 1991-2009 HELMHOLTZ CENTRE FOR ENVIRONMENTAL RESEARCH - UFZ

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