Taking CO2 emissions into a country's productivity change: The Asian growth experience

Shih Fang Lo, Her Jiun Sheu*, Jin-Li Hu

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

11 Scopus citations

Abstract

A country's macroeconomic policies have two basic objectives: to provide its citizens with a means to make a better living and a preferable environment. For the past decades, accompanying its fantastic economic growth, fast-developing Asia has become one of the major contributors to the increase of global carbon dioxide emissions. This paper analyzes productivity growth of ten Asian countries, namely, China, Japan, the NIEs and the ASEAN-4, by examining their outputs from economic performance and environmental impact standpoints. Productivity growth and its components are calculated using the Malmquist index. There appears to be a widening gap between the productivity growth trends without/with CO2 emissions of the ten Asian economies. This implies that the factor of productivity could be over-emphasized at great cost to the environment. A cross-country comparison analysis, considering CO2 emissions, shows that the productivity of China and ASEAN-4 deteriorated while the productivity growth of Japan and NIEs performed much better.

Original languageEnglish
Pages (from-to)279-290
Number of pages12
JournalInternational Journal of Sustainable Development and World Ecology
Volume12
Issue number3
DOIs
StatePublished - Sep 2005

Keywords

  • Efficiency change
  • Environment
  • Sustainable development
  • Technical change

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