Environmental policy, the Porter hypothesis and the composition of capital: Effects of learning and technological progress
AbstractIn this paper the e.ect of environmental policy on the composition of capital is investigated.By allowing for non-linearities it generalizes Xepapadeas and De Zeeuw (Journal of Environmental Economics and Management, 1999) and determines scenarios in which their results do not carry over.In particular, we show that the way acquisition cost of investment decreases with the age of the capital stock is of crucial importance.Also it is obtained that environmental policy has opposite e.ects on the average age of the capital stock in the case of either deterioration or depreciation.We also focus more explicitly on learning and technological progress.Among others we obtain that in the presence of learning, implementing a stricter environmental policy with the aim to reach a certain target of emissions reduction has a stronger negative e.ect on industry pro.ts, which implies quite the opposite as to what is described by the Porter hypothesis.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Tilburg University in its series Open Access publications from Tilburg University with number urn:nbn:nl:ui:12-170753.
Date of creation: 2005
Date of revision:
Publication status: Published in Journal of Environmental Economics and Management (2005) v.50, p.434-446
Contact details of provider:
Web page: http://www.tilburguniversity.edu/
Other versions of this item:
- Feichtinger, Gustav & Hartl, Richard F. & Kort, Peter M. & Veliov, Vladimir M., 2005. "Environmental policy, the porter hypothesis and the composition of capital: Effects of learning and technological progress," Journal of Environmental Economics and Management, Elsevier, vol. 50(2), pages 434-446, September.
- Feichtinger, G. & Hartl, R.F. & Kort, P.M. & Veliov, V., 2003. "Environmental Policy, the Porter Hypothesis and the Composition of Capital: Effects of Learning and Technological Progress," Discussion Paper 2003-61, Tilburg University, Center for Economic Research.
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
This item has more than 25 citations. To prevent cluttering this page, these citations are listed on a separate page. reading list or among the top items on IDEAS.Access and download statistics
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Economists Online Support).
If references are entirely missing, you can add them using this form.