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Do Strict Environmental Regulations in the OECD Discourage Foreign Firms? - Le imprese straniere sono scoraggiate dal rigore della legislazione ambientale nei paesi OCSE?

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  • Fikru, Mahelet G

    () (Missouri University of Science and Technology, Department of Economics)

Abstract

The study forms a relationship between the perceived stringency of environmental policy and the location decision of firms. We use data from 3,785 firms operating in 7 OECD countries to show that strict environmental regulation in the OECD may not necessarily discourage foreign firms. Rather, foreign owned firms perceive environmental regulations in the OECD as stricter when comparing to other non-OECD markets in which they operate in. We also find that firms who have foreign headquarters are relatively newer, are listed on a stock exchange and tend to have a better business performance. - Questo studio esamina la relazione esistente tra il rigore delle politiche ambientali – percepito dalle imprese – e le decisioni di localizzazione delle imprese. I dati utilizzati si riferiscono a 3785 imprese in 7 paesi OCSE e mostrano come una legislazione ambientale severa in quest’area non necessariamente scoraggia le imprese straniere. Piuttosto, le società a capitale estero percepiscono le leggi ambientali nell’area OCSE come maggiormente restrittive rispetto a quelle di altri paesi dell’area non-OCSE nei quali esse già operano. Viene inoltre trovata evidenza che società aventi sede all’estero sono relativamente più giovani, sono quotate in borsa e tendono ad avere migliori performance economiche.

Suggested Citation

  • Fikru, Mahelet G, 2012. "Do Strict Environmental Regulations in the OECD Discourage Foreign Firms? - Le imprese straniere sono scoraggiate dal rigore della legislazione ambientale nei paesi OCSE?," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 65(3), pages 405-413.
  • Handle: RePEc:ris:ecoint:0660
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    References listed on IDEAS

    as
    1. Siciliani, Luigi & Hurst, Jeremy, 2005. "Tackling excessive waiting times for elective surgery: a comparative analysis of policies in 12 OECD countries," Health Policy, Elsevier, vol. 72(2), pages 201-215, May.
    2. Tony Culyer, 1991. "Health, health expenditures and equity," Working Papers 083chedp, Centre for Health Economics, University of York.
    3. Lindsay, Cotton M & Feigenbaum, Bernard, 1984. "Rationing by Waiting Lists," American Economic Review, American Economic Association, vol. 74(3), pages 404-417, June.
    4. Mullen, Penelope M., 2003. "Prioritising waiting lists: how and why?," European Journal of Operational Research, Elsevier, vol. 150(1), pages 32-45, October.
    5. Luigi Siciliani & Rossella Verzulli, 2009. "Waiting times and socioeconomic status among elderly Europeans: evidence from SHARE," Health Economics, John Wiley & Sons, Ltd., vol. 18(11), pages 1295-1306.
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    More about this item

    Keywords

    Environmental Policy; Foreign Firms; OECD; Pollution Haven Hypothesis;

    JEL classification:

    • F20 - International Economics - - International Factor Movements and International Business - - - General
    • Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General

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