Organisation for Economic Co-operation and Development

EAMFP growth measures the residual growth in the joint production of both the desirable and the undesirable outputs that cannot be explained by changes in the consumption of factor inputs (including labour, produced capital and natural capital). Therefore, for a given growth of input use, EAMFP increases when GDP increases or when pollution decreases. As part of the growth accounting framework underlying the EAMFP indicator, the growth contribution of natural capital and growth adjustment for pollution abatement indicators are derived: Growth contribution of natural capital - measures to what extent a country's growth in output is attributable to natural resource use; Growth adjustment for pollution abatement - measures to what extent a country's GDP growth should be corrected for pollution abatement efforts - adding what has been undervalued due to resources being diverted to pollution abatement, or deducing the ‘excess' growth which is generated at the expense of environmental quality.

Excess capacity is one of the main challenges facing the global steel sector. The OECD Steelmaking Capacity database contains data on crude steelmaking capacity by economy and provides researchers and policymakers with an important tool for analysing steel capacity developments.