ADJUSTING PRODUCTIVITY FOR POLLUTION IN SELECTED ASIAN ECONOMIES
This paper seeks to estimate the effect on multifactor productivity (MFP) of air pollution in 7 ASEAN economies (Cambodia, Indonesia, Lao PDR, Malaysia, Philippines, Thailand and Vietnam) and China, valuing pollution through shadow price estimates for CO2, SOx, NOx and PM10 derived from an output distance function approach. In all countries but Cambodia, shadow prices of the various pollutants experience a downward trend since the Asian crisis, suggesting that ASEAN countries and China have strengthened their regulatory framework. In most countries the adjustment is positive, suggesting that standard MFP measures have tended to underestimate the true measure. Such correction would be above 2 percentage points in Lao PDR and the Philippines. It is estimated to be around 1 percentage point in China, Indonesia and Thailand and about half that size in Malaysia. It would be negative in Cambodia and nil in Vietnam.
Year of publication: |
2014-08-29
|
---|---|
Authors: | Dang, Thai-Thanh ; Mourougane, Annabelle |
Institutions: | Institut de Préparation à l'Administration et à la Gestion (IPAG) |
Saved in:
freely available
Saved in favorites
Similar items by person
-
ESTIMATING SHADOW PRICES OF POLLUTION IN OECD ECONOMIES
Dang, Thai-Thanh, (2014)
-
Adjusting productivity for pollution in selected Asian economies
Dang, Thai Thanh, (2014)
-
Estimating shadow prices of pollution in selected OECD countries
Dang, Thai Thanh, (2014)
- More ...