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

Production possibility frontier, with the aid of labelled production possib...

with the aid of labelled production possibilty frontier explain the concept of opportunity cost

Annotated bibliography guidelines, The purpose of this assignment is to pro...

The purpose of this assignment is to provide you an opportunity to enhance your skills related to use of APA format to cite references and selection of research articles most relev

Samuelson condition, U=4X+G where X is private spending and G is public spe...

U=4X+G where X is private spending and G is public spending. what is the marginal rate of substitution between public and private

Horners method - c program, Horners method -  C program: Modify the p...

Horners method -  C program: Modify the program to implement the details for the recursive function called horners(double b, int n) that calculates Horner's method for a coeff

Coase's bargaining solution, Normal 0 false false false ...

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

Principal-agent problem and policy process, As you know, the principal-agen...

As you know, the principal-agent problem stress the effect of asymmetric information between the principal and the agents on economic outcomes, the equilibrium in a principal-agent

Advantages of mbis, Normal 0 false false false EN-IN ...

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

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

What is meaning of market economy, The meaning of a market economy is in wh...

The meaning of a market economy is in which the decision and production are prepared. The consumption of goods services are based on voluntary swap in markets.

Metals and melting practices - charging, Metals and Melting Practices - Cha...

Metals and Melting Practices - Charging,Coke,Flux,Hearth Charging : An operation in which raw materials are added up to a furnace. Coke : An impure form of carbon that is

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