TY - JOUR
T1 - Taking CO2 emissions into a country's productivity change
T2 - The Asian growth experience
AU - Lo, Shih Fang
AU - Sheu, Her Jiun
AU - Hu, Jin-Li
PY - 2005/9
Y1 - 2005/9
N2 - A country's macroeconomic policies have two basic objectives: to provide its citizens with a means to make a better living and a preferable environment. For the past decades, accompanying its fantastic economic growth, fast-developing Asia has become one of the major contributors to the increase of global carbon dioxide emissions. This paper analyzes productivity growth of ten Asian countries, namely, China, Japan, the NIEs and the ASEAN-4, by examining their outputs from economic performance and environmental impact standpoints. Productivity growth and its components are calculated using the Malmquist index. There appears to be a widening gap between the productivity growth trends without/with CO2 emissions of the ten Asian economies. This implies that the factor of productivity could be over-emphasized at great cost to the environment. A cross-country comparison analysis, considering CO2 emissions, shows that the productivity of China and ASEAN-4 deteriorated while the productivity growth of Japan and NIEs performed much better.
AB - A country's macroeconomic policies have two basic objectives: to provide its citizens with a means to make a better living and a preferable environment. For the past decades, accompanying its fantastic economic growth, fast-developing Asia has become one of the major contributors to the increase of global carbon dioxide emissions. This paper analyzes productivity growth of ten Asian countries, namely, China, Japan, the NIEs and the ASEAN-4, by examining their outputs from economic performance and environmental impact standpoints. Productivity growth and its components are calculated using the Malmquist index. There appears to be a widening gap between the productivity growth trends without/with CO2 emissions of the ten Asian economies. This implies that the factor of productivity could be over-emphasized at great cost to the environment. A cross-country comparison analysis, considering CO2 emissions, shows that the productivity of China and ASEAN-4 deteriorated while the productivity growth of Japan and NIEs performed much better.
KW - Efficiency change
KW - Environment
KW - Sustainable development
KW - Technical change
UR - http://www.scopus.com/inward/record.url?scp=27544448035&partnerID=8YFLogxK
U2 - 10.1080/13504500509469638
DO - 10.1080/13504500509469638
M3 - Article
AN - SCOPUS:27544448035
SN - 1350-4509
VL - 12
SP - 279
EP - 290
JO - International Journal of Sustainable Development and World Ecology
JF - International Journal of Sustainable Development and World Ecology
IS - 3
ER -