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...

The objective of this paper is to estimate time variant shadow prices for CO2, SOx, NOx and PM10 in 19 OECD countries over the period 1990-2008 relying on an output distance function approach. Shadow prices for pollutants are found to vary widely across countries, depending on national...