Private Property Rights and Pollution in Emerging Market Economies
I use cross-country panel data to show that strengthening of private property rights protection lowers pollution emission intensity. The finding is robust to the inclusion of many controls and use of different independent variables. This paper provides preliminary empirical evidence for property rights theory of environmental goods, and suggests that completely specifying property rights is an important approach to response to environmental degradation.
|Date of creation:||30 Jul 2013|
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