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Integrated Environmental-Economic Accounting Of Gdp

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  • Qi, Shunrong
  • Xu, Lan
  • Coggins, Jay S.

Abstract

Conventional measures of gross domestic product (GDP) fail to account for the effect of economic activity on the environment. Integrated environmental-economic (or 'green') GDP is calculated using a data-envelopment-analysis (DEA) framework. For this purpose a dynamic cross-country technology is specified and estimated. Deriving Green GDP involves subtracting the inner product of the vectors of shadow prices and environmental degradation variables from conventional GDP.

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File URL: http://purl.umn.edu/20582
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Bibliographic Info

Paper provided by American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) in its series 2001 Annual meeting, August 5-8, Chicago, IL with number 20582.

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Date of creation: 2001
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Handle: RePEc:ags:aaea01:20582

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Keywords: Community/Rural/Urban Development; Environmental Economics and Policy;

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Cited by:
  1. Vernon W. Ruttan, 2002. "Productivity Growth in World Agriculture: Sources and Constraints," Journal of Economic Perspectives, American Economic Association, vol. 16(4), pages 161-184, Fall.

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