Correcting NDP for SO2 and NOx emissions: Implementation of a theoretical model in practice
2003 (English)In: The Review of Income and Wealth, ISSN 0034-6586, E-ISSN 1475-4991, no 3, 425-440 p.Article in journal (Refereed) Published
The theoretical and the practical studies in the field of environmental accounting are often two separate lines of work. In this study, we develop an optimal control theory model for adjusting NDP for the effects of SO2 and NOx emissions, and subsequently insert empirically estimated values. The model includes correction entries for the effects on welfare, real capital, health and the quality and quantity of renewable natural resources. In the empirical valuation study, production losses were estimated with dose-response functions. Recreational and other welfare values were estimated by the contingent valuation (CV) method. Effects on capital depreciation are also included. For comparison, abatement costs and environmental protection expenditures for reducing sulfur and nitrogen emissions were estimated. The theoretical model was then utilized to calculate the adjustment to NDP in a consistent manner. The estimated damage value of sulfur is close to the Swedish sulfur tax.
Place, publisher, year, edition, pages
Oxford: BLACKWELL PUBL LTD , 2003. no 3, 425-440 p.
NATURAL-RESOURCES, NATIONAL PRODUCT
IdentifiersURN: urn:nbn:se:kth:diva-13509ISI: 000185738800008OAI: oai:DiVA.org:kth-13509DiVA: diva2:325949
QC 201006212010-06-212010-06-212010-08-16Bibliographically approved