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Using index numbers for deflation in environmental accounting

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  • Muller, Nicholas Z.

Abstract

Systematic trends in the general price level of goods and services are the subject of extensive measurement and significant interest among researchers, policy makers and the general public. Dynamic price measurement is also important in environmental accounting in that real measures of augmented output are required to draw inferences on sustainability. This paper computes price indices for emissions of five air pollutants in the United States. Using marginal damages, the paper computes Paasche, Laspeyres, Fisher and Tornquist index numbers for five air pollutants spanning the period 1999–2008 for use in computing real environmental accounts. Evidence of time series heterogeneity in the marginal damages is detected: marginal damages for nitrogen oxides increase by a factor of two and marginal damages for NH3 decrease by one-half. The analysis finds that nominal gross damages from air pollution in the United States decrease by 40 per cent between 1999 and 2008.

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  • Muller, Nicholas Z., 2014. "Using index numbers for deflation in environmental accounting," Environment and Development Economics, Cambridge University Press, vol. 19(4), pages 466-486, August.
    • Handle: RePEc:cup:endeec:v:19:y:2014:i:04:p:466-486_00
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    Cited by:

    1. Moriah Bostian & Tommy Lundgren, 2022. "Valuing Ecosystem Services for Agricultural TFP: A Review of Best Practices, Challenges, and Recommendations," Sustainability, MDPI, vol. 14(5), pages 1-19, March.
    2. Adler, David B. & Jha, Akshaya & Severnini, Edson, 2020. "Considering the nuclear option: Hidden benefits and social costs of nuclear power in the U.S. since 1970," Resource and Energy Economics, Elsevier, vol. 59(C).
    3. Don Fullerton & Daniel H. Karney, 2014. "Multiple Pollutants, Uncovered Sectors, and Suboptimal Environmental Policies," NBER Working Papers 20334, National Bureau of Economic Research, Inc.
    4. Jaramillo, Paulina & Muller, Nicholas Z., 2016. "Air pollution emissions and damages from energy production in the U.S.: 2002–2011," Energy Policy, Elsevier, vol. 90(C), pages 202-211.
    5. Brown, Marilyn A. & Herrera, Valentina Sanmiguel, 2021. "Combined heat and power as a platform for clean energy systems," Applied Energy, Elsevier, vol. 304(C).
    6. Fullerton, Don & Karney, Daniel H., 2018. "Multiple pollutants, co-benefits, and suboptimal environmental policies," Journal of Environmental Economics and Management, Elsevier, vol. 87(C), pages 52-71.

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