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Environmentally adjusted productivity measurement: An Australian case study

Authors :
Nanere, Marthin
Fraser, Iain
Quazi, Ali
D’Souza, Clare
Source :
Journal of Environmental Management. Oct2007, Vol. 85 Issue 2, p350-362. 13p.
Publication Year :
2007

Abstract

This paper critically examines various methods for estimating productivity incorporating environmental effects for the Australian agricultural sector. The agricultural sector has been selected because of its strategic position in the economy of Australia. The findings of this study indicate that the application of environmentally adjusted productivity methods is a credible approach to measure productivity, in the context of sustainable development. Although the empirical findings of this research are case study specific, the results provide evidence supporting the adoption of these techniques to other sectors of the economy when measuring productivity and needing to be cognisant of sustainable development. The findings suggest that adjusting for the environmental impacts of soil erosion can result in higher or lower agricultural productivity depending on the assumptions we make regarding damage costs of erosion. It is argued in this paper that, for soil erosion in Australia, assumptions yielding higher productivity (i.e., upwardly adjusted) are justified. Finally, the findings of this study and the use of the methods presented point to important gaps in data availability. This gap needs to be addressed by policy makers if sustainable development objectives are to be credibly assessed using these techniques. [Copyright &y& Elsevier]

Details

Language :
English
ISSN :
03014797
Volume :
85
Issue :
2
Database :
Academic Search Index
Journal :
Journal of Environmental Management
Publication Type :
Academic Journal
Accession number :
26337953
Full Text :
https://doi.org/10.1016/j.jenvman.2006.10.004