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- Title
THE ROLE OF ENVIRONMENTAL FACTORS IN GROWTH ACCOUNTING.
- Authors
Jeon, Byung M.; Sickles, Robin C.
- Abstract
The article evaluates the role that undesirable outputs of the economy have on the frontier production process which one specify as a piecewise linear and convex boundary function. Using a recently developed technique, the directional distance method, authors analyze the impact that explicit treatment of the external costs of carbon dioxide has on the productivity growth of Organisation for Economic Co-operation and Development (OECD) and Asian economies. The confidence intervals derived by bootstrapping methods indicate that significant aggregate productivity growth has taken place in the last decade in OECD.
- Subjects
ORGANISATION for Economic Co-operation &; Development; CARBON dioxide; CONFIDENCE intervals; BOUNDARY value problems; STATISTICAL hypothesis testing; ECONOMETRICS
- Publication
Journal of Applied Econometrics, 2004, Vol 19, Issue 5, p567
- ISSN
0883-7252
- Publication type
Article
- DOI
10.1002/jae.769