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An Empirical Study of Environmental Standard-Setting in Korea

Author

Listed:
  • Geum Soo Kim

    (Hoseo University)

  • Wankeun Oh

    (Hankuk University of Foreign Studies)

  • David Kelleher

    (Hoseo University)

Abstract

The study focuses on the behavior of the Ministry of Environment in Korea, a standard-setting and budget-constrained agency. It is shown that with standards and fines remaining largely constant during the period of analysis, substitution took place in terms of inspection frequency vis-a'-vis stringency of punishment methods. The agency's budget is found to be positively related to inspection frequency, though the relationship is not statistically significant. One important policy implication of the analysis is that an increase in enforcement budget does not guarantee strengthening of enforcement.

Suggested Citation

  • Geum Soo Kim & Wankeun Oh & David Kelleher, 2002. "An Empirical Study of Environmental Standard-Setting in Korea," Korean Economic Review, Korean Economic Association, vol. 18, pages 305-314.
    • Handle: RePEc:kea:keappr:ker-200212-18-2-06
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    More about this item

    Keywords

    Environmetal standard; enforcement; inspection;
    All these keywords.

    JEL classification:

    • K42 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - Illegal Behavior and the Enforcement of Law
    • L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation
    • Q28 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Government Policy

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