Data/hora: 16/06/2024 00:27:17

Provedor de dados: | 31
País: | United States
Título: | Total Factor Productivity Growth when Factors of Production Generate Environmental Externalities
Autores: | Vouvaki,   Dimitra; Xepapadeas,   Anastasios.
Data: | 2009-05-28
Ano: | 2009
Palavras-chave: | Total Factor Productivity; Sources of Growth; Environmental Externalities; Energy; Environmental Policy; Environmental Economics and Policy; O47; Q20; Q43.
Resumo: | Total factor productivity growth (TFPG) has been traditionally associated with technological change. We show that when a factor of production, such as energy, generates an environmental externality in the form of CO2 emissions which is not internalized because of lack of environmental policy, then TFPG estimates could be biased. This is because the contribution of environment as a factor of production is not accounted for in the growth accounting framework. Empirical estimates confirm this hypothesis and suggest that part of what is regarded as technology’s contribution to growth could be attributed to the use of environment in output production.
Tipo: | Working or Discussion Paper
Idioma: | Inglês
Identificador: | http://purl.umn.edu/50405

Relação:

Fondazione Eni Enrico Mattei (FEEM)&gt;Sustainable Development Papers

SD

20.2009

Formato: | 34