The study investigates the morbidity impacts of air pollution when pollution may affect both the likelihood and duration of respiratory problems. The relationship between comparatively low pollutant levels and respiratory ailments is estimated using Swedish data, and the change in...

Human capital is an important component of economic growth. The article extends a theoretical model for comprehensive national accounting to the welfare effects of pollution on human capital. The model includes a production externality in the form of a flow of air pollutants that cause both...

In resource accounting, simple theoretical models built upon efficiency prices have been developed to capture changes in social welfare generated by natural resources. We examine whether changes in market stumpage prices, as proxies for efficiency prices, have actually reflected changes in the...