PRODUCTIVITY MEASUREMENT WITH NATURAL CAPITAL

被引:40
作者
Brandt, Nicola [1 ]
Schreyer, Paul [2 ]
Zipperer, Vera [1 ]
机构
[1] OECD, Dept Econ, Paris, France
[2] OECD, Stat Directorate, Paris, France
关键词
environmentally-adjusted multi-factor productivity; environmental efficiency; green productivity; multi-factor productivity; natural capital stock; natural resource accounting;
D O I
10.1111/roiw.12247
中图分类号
F [经济];
学科分类号
020101 [政治经济学];
摘要
This paper proposes a measurement framework that explicitly accounts for the role of natural capital in productivity measurement. It is applied to aggregate economy data from the OECD Productivity Database, with natural capital data from the World Bank. It is shown that the direction of the adjustment to productivity growth depends on the rate of change of natural capital extraction relative to the rate of change of other inputs. The extended framework also makes the contribution of natural capital to economic growth explicit. This can be useful for countries relying on non-renewable resources to better understand the need to develop other sources of growth-human or productive capital-to prepare for times of scarcer resource endowments. The framework can readily be applied to more encompassing natural capital data, once it becomes available.
引用
收藏
页码:S7 / S21
页数:15
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