Pollution expenditure accounting, Public Economics

Assignment Help:

Pollution Expenditure Accounting

This has been the earliest reaction to overcome the weaknesses in the conventional economic accounts. It involves developing data series on pollution abatement and other environmental expenditures. However, there are some limitations of using this approach, which are mentioned below.

a) These data refer to expenditure already incurred, either due to policy or standard business and household practices. Hence they should not be considered as additions to conventional economic accounts as they are a re-specification of the information already accounted for;

b) The abatement expenditure data tend to overestimate the true opportunity costs, as they contain outlays on materials, which are already included in the value- added expression of the sector producing these materials. Thus there may be the risk of double counting;

C) The practice of comparing pollution abatement expenditures with GDP is misleading since the GDP covers primary costs and is free from double counting. This can be addressed by using input-output techniques.

The use of pollution expenditure data has limited scope for policy. They can only give an indication of how various environmental policies may affect productivity.


 


Related Discussions:- Pollution expenditure accounting

Public finance, What are the objectives of pubic finance

What are the objectives of pubic finance

Structural interdependence and policy coordination, The structural interdep...

The structural interdependence, in fact, forms the basis for the policy maker's choice behaviour for policy or policy mixes. The spectrum formed by various policy mixes depends on

Examine essential elements of modern democratic societies, Question 1: ...

Question 1: Examine the essential elements of modern democratic societies. Question 2: State the various ways in which the participation of people is achieved in a demo

Mul.., multi unit finance

multi unit finance

Valuation tools - shadow prices, Normal 0 false false false...

Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4

Valuation tools - market prices, Normal 0 false false false...

Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4

What can we do then while aiming at the public policy, Q. What can we do th...

Q. What can we do then while aiming at the public policy? From the above, one task emerges immediately, that is of quantifying all economic and non economic effects of a certa

GDP, 1. If GDP is not a good measure of economic well-being, why then it is...

1. If GDP is not a good measure of economic well-being, why then it is always used by the president in his/her STATE OF THE NATION''S ADDRESS?

Why does government undertake an economic activity, Q. Why does government ...

Q. Why does government undertake an economic activity? If ever an activity has large externality or spill over and includes a large number of people, it may be found better th

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd