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

Types of inefficiencies caused by the public sector, QUESTION a) How ...

QUESTION a) How would the strategy of a firm faced with repeated games differ from that faced with sequential games? b) What do you understand by an optimal level of poll

Explain hoe perception affected theory symbolic interaction, Assignment Th...

Assignment This assignment will provide you with insight on how others perceive you. It will be particularly useful in situations in which you find differences in self-other resul

Pollution expenditure accounting, Normal 0 false false fals...

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

Central banking, examine the efficiency of quantitative credit control inst...

examine the efficiency of quantitative credit control instruments.

Nature of coordination problems, Only limited progress has been made in mod...

Only limited progress has been made in modeling of dynamic process of institutional change, therefore, limiting the concerned policy options. It has been identified that innovatio

Side payments, 3 voters, A, B, and C, will decide by majority rule whether ...

3 voters, A, B, and C, will decide by majority rule whether to pass bills on issues X and Y. Every of the two issues will be voted on indiviually. The change in net profits (in dol

Capitalist price, Explain how the price system answers the five fundamental...

Explain how the price system answers the five fundamental questions of economics, and talk about at least two of the short-comings of the capitalist price and market system.

Regulations and competition policy - privatization, One of these is deregul...

One of these is deregulator or privatization of public enterprises or utilities. Deregulation is a world wide phenomenon. But experience of power failure in California and Mumbai r

Classification of externality, Normal 0 false false false ...

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

Environment economic, A dam is proposed on a stretch of wild river, a river...

A dam is proposed on a stretch of wild river, a river that is currently used for recreation. The dam will generate electricity. The dam will have a useful life of 50 years, after w

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