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| Xepapadeas, Anastasios; Tzouvelekas, Vangelis; Vouvaki, Dimitra. |
| We examine whether the use of the environment, proxied by CO2 emissions, as a factor of production contributes, in addition to conventional factors of production to output growth, and thus it should be accounted for in total factor productivity growth (TFPG) measurement and deducted from the .residual. A theoretical framework of growth accounting methodology with environment as a factor of production which is unpaid in the absence of environmental policy is developed. Using data from a panel of 23 OECD countries, we show that emissions. growth have a statistically significant contribution to the growth of output, that emission augmenting technical change is present along with labor augmenting technical change, and that part of output growth which is... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Solow Residual; Total Factor Productivity Growth; Growth; Environment; Green Growth Accounting; Environmental Economics and Policy; O47; Q2. |
| Ano: 2007 |
URL: http://purl.umn.edu/9319 |
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