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Is Voluntary Pollution Abatement in the Absence of a Carrot or Stick Effective? Evidence from Facility Participation in the EPA’s 33/50 Program

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  • Martina Vidovic

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  • Neha Khanna

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  • Martina Vidovic & Neha Khanna, 2012. "Is Voluntary Pollution Abatement in the Absence of a Carrot or Stick Effective? Evidence from Facility Participation in the EPA’s 33/50 Program," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 52(3), pages 369-393, July.
  • Handle: RePEc:kap:enreec:v:52:y:2012:i:3:p:369-393
    DOI: 10.1007/s10640-011-9533-3
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    References listed on IDEAS

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    1. Arellano, Manuel & Bover, Olympia, 1995. "Another look at the instrumental variable estimation of error-components models," Journal of Econometrics, Elsevier, vol. 68(1), pages 29-51, July.
    2. Maxwell, John W & Lyon, Thomas P & Hackett, Steven C, 2000. "Self-Regulation and Social Welfare: The Political Economy of Corporate Environmentalism," Journal of Law and Economics, University of Chicago Press, vol. 43(2), pages 583-617, October.
    3. Stephen Bond & Costas Meghir, 1994. "Dynamic Investment Models and the Firm's Financial Policy," Review of Economic Studies, Oxford University Press, vol. 61(2), pages 197-222.
    4. Segerson, Kathleen & Miceli, Thomas J., 1998. "Voluntary Environmental Agreements: Good or Bad News for Environmental Protection?," Journal of Environmental Economics and Management, Elsevier, vol. 36(2), pages 109-130, September.
    5. Blackman, Allen & Lahiri, Bidisha & Pizer, William & Rivera Planter, Marisol & Muñoz Piña, Carlos, 2010. "Voluntary environmental regulation in developing countries: Mexico's Clean Industry Program," Journal of Environmental Economics and Management, Elsevier, vol. 60(3), pages 182-192, November.
    6. Kim, Eun-Hee & Lyon, Thomas P., 2011. "Strategic environmental disclosure: Evidence from the DOE's voluntary greenhouse gas registry," Journal of Environmental Economics and Management, Elsevier, vol. 61(3), pages 311-326, May.
    7. J Videras & A Alberini, 2000. "The appeal of voluntary environmental programs: which firms participate and why?," Contemporary Economic Policy, Western Economic Association International, vol. 18(4), pages 449-460, October.
    8. Vidovic, Martina & Khanna, Neha, 2007. "Can voluntary pollution prevention programs fulfill their promises? Further evidence from the EPA's 33/50 Program," Journal of Environmental Economics and Management, Elsevier, vol. 53(2), pages 180-195, March.
    9. Arimura, Toshi H. & Darnall, Nicole & Katayama, Hajime, 2011. "Is ISO 14001 a gateway to more advanced voluntary action? The case of green supply chain management," Journal of Environmental Economics and Management, Elsevier, vol. 61(2), pages 170-182, March.
    10. Khanna, Madhu & Damon, Lisa A., 1999. "EPA's Voluntary 33/50 Program: Impact on Toxic Releases and Economic Performance of Firms," Journal of Environmental Economics and Management, Elsevier, vol. 37(1), pages 1-25, January.
    11. Frank Windmeijer, 2000. "A finite sample correction for the variance of linear two-step GMM estimators," IFS Working Papers W00/19, Institute for Fiscal Studies.
    12. Gamper-Rabindran, Shanti, 2006. "Did the EPA's voluntary industrial toxics program reduce emissions? A GIS analysis of distributional impacts and by-media analysis of substitution," Journal of Environmental Economics and Management, Elsevier, vol. 52(1), pages 391-410, July.
    13. Henriques, Irene & Sadorsky, Perry, 1996. "The Determinants of an Environmentally Responsive Firm: An Empirical Approach," Journal of Environmental Economics and Management, Elsevier, vol. 30(3), pages 381-395, May.
    14. Seema Arora & Timothy N. Cason, 1996. "Why Do Firms Volunteer to Exceed Environmental Regulations? Understanding Participation in EPA's 33/50 Program," Land Economics, University of Wisconsin Press, vol. 72(4), pages 413-432.
    15. Manuel Arellano & Stephen Bond, 1991. "Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations," Review of Economic Studies, Oxford University Press, vol. 58(2), pages 277-297.
    16. Abdoul G. Sam & Madhu Khanna & Robert Innes, 2009. "Voluntary Pollution Reduction Programs, Environmental Management, and Environmental Performance: An Empirical Study," Land Economics, University of Wisconsin Press, vol. 85(4), pages 692-711.
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    Cited by:

    1. repec:kap:regeco:v:53:y:2018:i:3:d:10.1007_s11149-018-9355-0 is not listed on IDEAS
    2. Carrión-Flores, Carmen E. & Innes, Robert & Sam, Abdoul G., 2013. "Do voluntary pollution reduction programs (VPRs) spur or deter environmental innovation? Evidence from 33/50," Journal of Environmental Economics and Management, Elsevier, vol. 66(3), pages 444-459.
    3. Li, Huan & Khanna, Neha, 2016. "Does Voluntary Regulation Provide Regulatory Relief? A Lesson from the Responsible Care Program," 2016 Annual Meeting, July 31-August 2, Boston, Massachusetts 235652, Agricultural and Applied Economics Association.
    4. Philip Sirianni & Michael O’Hara, 2014. "Do Actions Speak As Loud As Words? Commitments To “Going Green” On Campus," Contemporary Economic Policy, Western Economic Association International, vol. 32(2), pages 503-519, April.
    5. Kathleen Segerson, 2013. "Voluntary Approaches to Environmental Protection and Resource Management," Annual Review of Resource Economics, Annual Reviews, vol. 5(1), pages 161-180, June.
    6. Evans, Mary F. & Liu, Lirong & Stafford, Sarah L., 2015. "Standardization and the impacts of voluntary program participation: Evidence from environmental auditing," International Review of Law and Economics, Elsevier, vol. 43(C), pages 10-21.
    7. Li, Huan & Khanna, Neha & Vidovic, Martina, 2014. "Third Party Certification and Self-Regulation: Evidence from Responsible Care and Accidents in the US Chemical Industry," 2014 Annual Meeting, July 27-29, 2014, Minneapolis, Minnesota 170492, Agricultural and Applied Economics Association.

    More about this item

    Keywords

    Toxic releases inventory; Voluntary pollution abatement; GMM; Dynamic panel; Q53; Q58; L60;

    JEL classification:

    • Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy
    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General

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