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Tools for assessing the costs and benefits of green growth : the U.S. and Mexico

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  • Harrington, Winston
  • Morgenstern, Richard
  • Velez-Lopez. Daniel
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    Abstract

    This paper examines the processes used in the United States and Mexico to assess the economic costs and benefits of environmental improvement, the kinds of information obtained from these procedures, and the additional knowledge that is needed about both elements to improve understanding of the problems and prospects of advancing a green growth agenda. Because environmental and other development needs are large and resources are limited, it is important to choose the best projects, those with the highest returns on both public investments and private resources harnessed by regulation. The United States is well-established as a world leader in the use of quantitative methods to evaluate options for environmental regulation and policy. Mexico represents a case where a developing country has made clear advances in reforming its economy and in introducing transparency in its regulatory processes for environmental and other policy areas.

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    Bibliographic Info

    Paper provided by The World Bank in its series Policy Research Working Paper Series with number 6242.

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    Date of creation: 01 Oct 2012
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    Handle: RePEc:wbk:wbrwps:6242

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    Related research

    Keywords: Environmental Economics&Policies; Regulatory Regimes; Public Sector Regulation; Transport Economics Policy&Planning; Climate Change Economics;

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    1. Kaufmann, Daniel & Kraay, Aart & Mastruzzi, Massimo, 2008. "Governance matters VII : aggregate and individual governance indicators 1996-2007," Policy Research Working Paper Series 4654, The World Bank.
    2. repec:reg:rpubli:322 is not listed on IDEAS
    3. repec:reg:wpaper:322 is not listed on IDEAS
    4. Robert W. Hahn & Patrick M. Dudley, 2007. "How Well Does the U.S. Government Do Benefit-Cost Analysis?," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 1(2), pages 192-211, Summer.
    5. Jessica Cohen & Pascaline Dupas, 2010. "Free Distribution or Cost-Sharing? Evidence from a Randomized Malaria Prevention Experiment," The Quarterly Journal of Economics, MIT Press, MIT Press, vol. 125(1), pages 1-45, February.
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