INTEGRATED ENVIRONMENTAL-ECONOMIC ACCOUNTING OF GDP

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.


Issue Date:
2001
Publication Type:
Conference Paper/ Presentation
PURL Identifier:
http://purl.umn.edu/20582
Total Pages:
18
Series Statement:
Selected Paper




 Record created 2017-04-01, last modified 2017-08-24

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