Adjusting productivity for pollution in selected Asian economies / Dang, T. and A. Mourougane
Contributor(s): Resource type: Ressourcentyp: Buch (Online)Book (Online)Language: English Series: Cities and regions | OECD. OECD green growth papers ; 2014, 01Publisher: Paris : OECD Publishing, August 2014Description: 1 Online-Ressource (circa 28 Seiten) : IllustrationenSubject(s): Genre/Form: DOI: DOI: 10.1787/5jxvd5rq5lzv-enOnline resources: Summary: Multifactor productivity (MFP) is increasingly used in economic policy, not least to compute potential output. Most measures are based on a standard production function combining labour and capital, but do not incorporate the negative by-products of the production process such as air pollution that could have deleterious effect on health and productivity in the medium to long term (see for instance OECD (2014)). The failure to account for the costs of environmental damages and the benefits associated with emission reduction impart a bias to standard measures of MFP. Ignoring these dimensions can give a misleading idea of growth prospects over the medium to long term...PPN: PPN: 883598221Package identifier: Produktsigel: ZDB-13-SOC | ZDB-13-SOC-ebookNo physical items for this record