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

Arbeitspapier

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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Nota di Lavoro ; No. 52.2004

Classification and Topics

• Classification: Wirtschaft ; Renewable Resources and Conservation: Government Policy ; One, Two, and Multisector Growth Models ; Economic Development: Agriculture; Natural Resources; Energy; Environment; Other Primary Products ; Taxation and Subsidies: Externalities; Redistributive Effects; Environmental Taxes and Subsidies
• Subject: Environmental policy ; Endogenous growth ; Umweltpolitik ; Wirtschaftswachstum ; Endogenes Wachstumsmodell

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Ricci, Francesco
• Event: Veröffentlichung
• (who): Fondazione Eni Enrico Mattei (FEEM)
• (where): Milano
• (when): 2004

Further information

• Handle: http://hdl.handle.net/10419/117929
• Last update: 10.03.2025, 11:44 AM CET