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New Directions in Productivity Measurement and Efficiency Analysis

Counting the Environment and Natural Resources Edited by Tihomir Ancev, School of Economics, University of Sydney, M.A. Samad Azad, Department of Agriculture and Water Resources, Australian Government, Australia and Francesc Hernández-Sancho, University of Valencia, Spain
This book explores novel research perspectives on the intersection of environmental/natural resource economics and productivity analysis, emphasizing the link between productivity and efficiency measurement and environmental impacts. The purpose of the book is to present new approaches and methods for measuring environmentally adjusted productivity and efficiency, and for incorporating natural resources in standard national accounting practices. These methods are applicable in many contexts, including air and water pollution, climate change, green accounting, and environmental regulation
Extent: 296 pp
Hardback Price: $145.00 Web: $130.50
Publication Date: 2017
ISBN: 978 1 78643 241 4
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  • Economics and Finance
  • Environmental Economics
  • International Accounting
  • Environment
  • Environmental Economics
This book explores novel research perspectives at the intersection of environmental/natural resource economics and productivity analysis, emphasizing the link between productivity and efficiency measurement, and environmental impacts. The purpose of the book is to present new approaches and methods for measuring environmentally adjusted productivity and efficiency, and for incorporating natural resources in standard national accounting practices. These methods are applicable in many contexts, including air and water pollution, climate change, green accounting, and environmental regulation.

The contributions, written by distinguished leaders in the field, provide an up-to-date assessment of the state of the art in environmentally adjusted productivity and efficiency analysis. A review of the rapidly expanding literature is included and complemented by international case studies. The book’s forward-looking ideas and new theories and methods trace future directions in this exciting and topical research area.

This is an essential tool for researchers and scholars, including postgraduate students, working in the area of international and environmental accounting, and productivity and efficiency analysis. The book will also have a broad appeal for various professionals including statisticians, national accountants and policymakers.

‘Consistent growth of productivity is key to improving standards of living, but not if it comes at the expense of environmental quality. This important and timely book provides a compact yet rigorous survey of methods for measuring environmentally adjusted productivity with several chapters demonstrating methodological advances. Empirical applications range from total factor productivity in a large panel of OECD countries, to productivity of shrimp farming in Bangladesh, and crop-farming in southern Australia where deteriorating weather conditions had masked productivity growth.’
– Alan Randall, The Ohio State University, US and The University of Sydney, Australia

‘The international community has signed up to the Sustainable Development Goals and economic measurement has to better gauge how the economy and the environment interact. Productivity is a core economic indicator. Yet, in its traditional set-up, it takes no account of environmental services provided to the economy, such as natural resource flows or emission sink services. This book brings together the latest research to account for these environmental services and does so in an authoritative way. An excellent overview of the theoretical foundations blends with extensive references to the literature and many empirical examples.’
– Paul Schreyer, OECD, France

Contributors: M. Akter, T. Ancev, M.A.S. Azad, Á. Bellver-Domingo, H.K. Edmonds, M. Eigenraam, R.G. Färe, K.J. Fox, S. Grosskopf, A. Hailu, F. Hernández-Sancho, V.-N. Hoang, N. Hughes, W. Ingram, H. Jahan, B. Lamizana-Diallo, K. Lawson, L.Y.T. Lee, C.A.K. Lovell, J.E. Lovell, C. Ma, C. Obst, C.A. Pasurka, Jr., C. Wilson


Contents:

1. Introduction
Tiho Ancev, M.A. Samad Azad and Francesc Hernández Sancho

2. Environmentally Adjusted Productivity and Efficiency: A Review of Concepts, Methods and Empirical Work
Tiho Ancev, M.A. Samad Azad and Mahmuda Akter

3. Modeling Pollution Abatement Technologies as a Network
Rolf G. Färe, Shawna Grosskopf, Carl A. Pasurka, Jr.

4. Efficiency Analysis in Uncertain Operating Environments: The Problem with Outliers
Kevin J. Fox and Lisa Y.T. Lee

5. Assessing Stream Health With Respect to Ecological Connectivity
H.K. Edmonds, J.E. Lovell and C.A.K. Lovell

6. Accounting for nutrient pollution in measuring agricultural total factor productivity: A study of OECD economies
Viet-Ngu Hoang and Clevo Wilson

7. Incorporating the Environment in Agricultural Productivity: Applying Advances in International Environmental Accounting
Carl Obst and Mark Eigenraam

8. Climate Adjusted Productivity in Australian Cropping Farms
Neal Hughes and Kenton Lawson

9. Environmentally Adjusted Efficiency of Municipal Water Suppliers
Fransec Hernández-Sancho and Águeda Bellver-Domingo

10. Valuing Environmental and Health Impacts from No Action in Wastewater Management
Francesc Hernández-Sancho, Birguy Lamizana-Diallo and William Ingram

11. Estimating the Cost of Carbon Abatement for China
Atakelty Hailu and Chunbo Ma

12. Environmentally adjusted efficiency of shrimp farming in Bangladesh
Hasneen Jahan and Tiho Ancev

Index