Resource accounting involves complementing conventional national accounts with changes in environmental and natural resource capital valued in monetary terms. By adopting the Ramsey device of "Bliss", we derive a theoretically consistent environmentally adjusted NDP (Net Domestic Product)...

In resource accounting, simple theoretical models built upon efficiency prices have been developed to capture changes in social welfare generated by natural resources. We examine whether changes in market stumpage prices, as proxies for efficiency prices, have actually reflected changes in the...

The paper analyzes the cost-efficiency of trading CO2 emissions by focusing on the overall environmental impacts of active climate policy measures. When reducing CO2 emissions, other emissions, also related to the consumption of fossil fuels, decrease with no additional cost. These secondary...

Human capital is an important component of economic growth. The article extends a theoretical model for comprehensive national accounting to the welfare effects of pollution on human capital. The model includes a production externality in the form of a flow of air pollutants that cause both...

Harmonization of the instruments used in environmental policy has been considered necessary to guarantee fair competition in international markets. We investigate alternative policy measures for promoting paper recycling in seven European countries and present a theoretical framework for...

The study investigates the morbidity impacts of air pollution when pollution may affect both the likelihood and duration of respiratory problems. The relationship between comparatively low pollutant levels and respiratory ailments is estimated using Swedish data, and the change in...

In this paper, we study the effects of US policy uncertainty – measured as the policy uncertainty index of Baker et al. (2013) – on Swedish GDP growth. Another source of spillovers of shocks to small open economies is thereby examined. We apply both Bayesian VAR models and spectral analysis...

In this paper, the author evaluates forecasting models for Swedish GDP growth which make use of data from Sweden´s most important business survey, the Economic Tendency Survey. <p> Employing nine years of quarterly real-time data, an out-of-sample forecast exercise is conducted. Results indicate...</p>