Chapter

Total Resource Productivity

Edited by Frank M. Gollop and Gregory P. Swinand

in New Developments in Productivity Analysis

Published by University of Chicago Press

Published in print August 2001 | ISBN: 9780226360621
Published online February 2013 | e-ISBN: 9780226360645 | DOI: http://dx.doi.org/10.7208/chicago/9780226360645.003.0014
Total Resource Productivity

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This chapter shows how to deal with environmental issues within the conventional total factor productivity model. The central issue is to specify production and utility functions correctly in order to include the full environmental consequences of economic activity. The framework is applied to the farm sector. A commentary is also included at the end of the chapter.

Keywords: environmental issues; total factor productivity model; production; utility; economic activity

Chapter.  9293 words.  Illustrated.

Subjects: Econometrics and Mathematical Economics

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