In this paper we examine the Environmental Kuznets Curve (EKC) hypothesis using the Ecological Footprint (EF), a more comprehensive indicator of environmental degradation, through a time-series analysis for seven Latin American countries covering the 1961-2007 period. We first test the EKC...

Polluting industries are characterized by different levels of abatement expenditure. In countries such as the US with relatively strict environmental standards, theoretical models and intuition predict that industries that are forced to undertake greater abatement expenditure would have lower...

Our model examines how co-existence of market power and noncompliance affects the efficiency and effectiveness of a cap-and-trade system with banking-borrowing in a finite period model. The dynamic equilibrium analysis here extends the results of the established literature, and we show that the...

Environmental economists have shown that tradable emission permit markets can reduce the costs to society of pollution reduction. However, when emissions are difficult to monitor and verify, offset credits from pollution reductions may be subject to price discounts that reduce social welfare. In...

This paper employs a panel econometric model, and takes the horizontal and vertical FDI approach into account in the same empirical specification to scrutinize the determinants of FDI outflows from the selected EU countries at the industry level. We show that both cost related factors and...

We extend the empirical literature on the environmental Kuznets curve (EKC) by showing the legal origin matters for the evolution of environmental quality. Using observations of ambient sulfur dioxide levels, we find that the EKC for French and British legal origin countries diverge as incomes...

This paper investigates the impact of education on the growth of carbon dioxide emissions per capita over the period 1970-2004 in 85 countries. Using panel data and applying GMM-System estimations, our results suggest that education has no impact on the growth of air pollution for the whole...

This paper studies the optimal environmental policy in a mixed market when pollution accumulates over time. Specifically, we assume quantity competition between several private firms and one partially privatized firm. The optimal emission tax is shown to be independent of the weight the...

Cheap talk is frequently used in contingent valuation surveys in an attempt to mitigate hypothetical bias. This paper aims at investigating in two case studies whether the effects of cheap talk on willingness-to-pay depend on the gender of the participants. Results of the two studies point in...

To evaluate the social welfare of climate stabilization policy from perspectives of cost–benefit analysis in a optimal economic growth framework based on macroeconomic theory, the purposes of this study are to show theoretically that the equivalent variation is divisible into a...