Arbeitspapier
Total factor productivity growth when factors of production generate environmental externalities
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.
- Sprache
-
Englisch
- Erschienen in
-
Series: Nota di Lavoro ; No. 20.2009
- Klassifikation
-
Wirtschaft
Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
Renewable Resources and Conservation: General
Energy and the Macroeconomy
- Thema
-
Total Factor Productivity
Sources of Growth
Environmental Externalities
Energy
Environmental Policy
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Xepapadeas, Anastasios
Vouvaki, Dimitra
- Ereignis
-
Veröffentlichung
- (wer)
-
Fondazione Eni Enrico Mattei (FEEM)
- (wo)
-
Milano
- (wann)
-
2009
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Xepapadeas, Anastasios
- Vouvaki, Dimitra
- Fondazione Eni Enrico Mattei (FEEM)
Entstanden
- 2009
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