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Accounting for the environment

A Progess Report

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Abstract

The paper discusses a major project to introduce imputed values of environmental services into the national accounts. After a short discussion of how the project relates to the social measurement research underway at the National Bureau of Economic Research, the accounting principles are briefly presented. Preliminary accounting data, as well as the results of a study of the distribution of air pollution damage, which relied on these data, are also presented. The paper includes a brief discussion of the policy and research implications suggested by these preliminary results. Finally, the paper closes with a technical appendix demonstrating that a sector's contribution to air pollution emissions may be a poor indicator of its contribution to social damage.

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Bibliography

  1. BabockL. R. and NagdaM. L., ‘Cost Effectiveness of Emission Control’, Journal of the Air Pollution Control Association 23 (1973), 1973–79.

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  2. Barrett, L. B. and Waddell, T. E., ‘The Cost of Air Pollution Damages: A Status Report’, Appendix I-J in the Final Report of the Ad Hoc Committee on the Cumulative Regulatory Effects on the Cost of Automotive Transportation, Office of Science and Technology, February 28, 1972.

  3. Gianessi, L. P., Peskin, H. M., and Wolff, E., The Distributional Implications of National Air Pollution Damage Estimates, paper prepared for the Conference on Research in Income and Wealth, on the ‘Distribution of Economic Well-Being’, at the University of Michigan, May 15–17, 1974.

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Senior Research Associate, National Bureau of Economic Research. An earlier version of this paper was presented at the Second National Sumposium on Corporate Social Policy sponsored by the National Affiliation of Concerned Business Students, Chicago, Illinois, October 3–4, 1974. Tables III, IV and V are from L. P. Gianessi, H. M. Peskin, and E. Wolff, ‘The Distributional Implications of National Air Pollution Damage Estimates’, in F. T. Juster (ed.), The Distribution of Economic Well-Being, NBER, scheduled for publication in Spring 1976 and reproduced with the permission of the National Bureau of Economic Research.

This paper has not been subjected to the NBER review procedure. The views herein are the author's and not necessarily those of the National Bureau of Economic Research.

The research was funded by the National Science Foundation under Grant No. SOC74-21391.

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Peskin, H.M. Accounting for the environment. Soc Indic Res 2, 191–210 (1975). https://doi.org/10.1007/BF00300535

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  • DOI: https://doi.org/10.1007/BF00300535

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