Empirical surveys find no significant impact of environmental regulation and environmental costs on international competitiveness. In the literature, we can find three hypotheses on the impact of environmental regulation. For the industrial-flight and pollution-haven hypothesis, there is no...

Environmental policy instruments have an impact on the incentives to invest in environmental R&D and this link should deserve careful consideration when introducing new instruments. Some authors argue that environmental taxes and tradable permits have rather comparable impacts on environmental...

In Capitalism, Socialism and Democracy (CSD, 1942), Schumpeter presents his paradoxical thesis that capitalism will destroy its own foundation, not by failure but by its success. He argues that the emergence of unfavourable circumstances will activate strong opposition from social critics and...