Vangelis Tzouvelekas () (Department of Economics, University of Crete, Greece) Dimitra Vouvaki (Department of Economics, University of Crete, Greece) Anastasios Xepapadeas () (Department of Economics, University of Crete, Greece)
Additional information is available for the following
registered author(s):
We examine whether the use of the environment, proxied by CO2 emissions, as a factor of production contributes, in addition to con- ventional factors of production to output growth, and thus it should be accounted for in total factor productivity growth (TFPG) mea- surement 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 signi…cant 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 traditionally attributed to technical change should be attributed to the use of the environment as a not fully com- pensated factor of production. Our results point towards the need for developing a concept of Green Growth Accounting.
Download Info
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
file. Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
Publisher Info
Paper provided by University of Crete, Department of Economics in its series Working Papers with number
0617.
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.: