Channels of Transmission of Environmental Policy to Economic Growth: A Survey of the Theory

No 2004.52, Working Papers from Fondazione Eni Enrico Mattei

Abstract: Economists generally hold that environmental regulations impose constraints on the production possibilities set and are therefore potentially harmful to economic growth. In recent years, however, it has been recognized that environmental regulation can enhance the prospects for growth if improved environmental quality increases the productivity of inputs or the efficiency of the education system. It is also held that environmental regulation promotes pollution abatement activity and can lead to the exploitation of increasing returns to scale in abatement. Furthermore, expectations of a better environment may encourage households to save. Finally, it has been conjectured that environmental regulations can stimulate innovation because R&D s a relatively clean activity and because the market share of clean innovations increases.

Keywords: Environmental policy; Endogenous growth (search for similar items in EconPapers)
JEL-codes: H23 O13 O41 Q28 (search for similar items in EconPapers)
Date: 2004-03
New Economics Papers: this item is included in nep-env
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (18)

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Related works:
Journal Article: Channels of transmission of environmental policy to economic growth: A survey of the theory (2007)
Working Paper: Channels of transmission of environmental policy to economic growth: a survey of the theory (2007)
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