| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
Total Factor Productivity Growth when Factors of Production Generate Environmental Externalities
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| Autores: |
Vouvaki, Dimitra
Xepapadeas, Anastasios
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| Data: |
2009-05-28
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| Ano: |
2009
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| Palavras-chave: |
Total Factor Productivity
Sources of Growth
Environmental Externalities
Energy
Environmental Policy
Environmental Economics and Policy
O47
Q20
Q43
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| 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.
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| Tipo: |
Working or Discussion Paper
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| Idioma: |
Inglês
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| Identificador: |
http://purl.umn.edu/50405
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| Relação: |
Fondazione Eni Enrico Mattei (FEEM)>Sustainable Development Papers
SD
20.2009
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| Formato: |
34
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