Notes on environmental regulation and growth
AbstractThis paper looks at the costs of regulating the environment on economic growth in a model that has increasing returns to scale in production at lower levels of development. It concludes that these costs are low, as are the costs of moving from a non-optimal regulatory policy to an optimal one. The implied shape of the Environmental Kuznets Curve may have one or two humps, but this depends upon the underlying parameters.
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Bibliographic InfoArticle provided by Inderscience Enterprises Ltd in its journal Int. J. of Global Environmental Issues.
Volume (Year): 8 (2008)
Issue (Month): 4 ()
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Web page: http://www.inderscience.com/browse/index.php?journalID=14
economic growth; environmental Kuznets curve; environmental policy; greenhouse gases; GHG emissions; increasing returns to scale; Kyoto protocol; environmental regulation.;
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