Showing 1 - 10 of 319
econometric advancements, shifting focus to direct measures of biodiversity, filling the knowledge gap on the effect of protected …
Persistent link: https://www.econbiz.de/10014437004
We explore the effects of physical and regulatory risks related to biodiversity loss on economic activity and asset … values. We first develop a news-based measure of aggregate biodiversity risk and analyze how it varies over time. We also … construct and publicly release several firm-level measures of exposure to biodiversity risk, based on textual analyses of firms …
Persistent link: https://www.econbiz.de/10014250155
Much of the potential impact of environmental policy is though to come from the incentives it gives firms to develop and introduce new environmental products and processes. Almost all the literature on this issue has focused on the impact of environmental policy on the amount environmental R&D...
Persistent link: https://www.econbiz.de/10012471483
We analyze the connection between productivity, pollution abatement expenditures, and other measures of environmental regulation for plants in three industries (paper, oil, and steel). We examine data from 1979 to 1990, considering both total factor productivity levels and growth rates. Plants...
Persistent link: https://www.econbiz.de/10012473904
Political debates around environmental regulation often center around the effect of policy on jobs. Opponents decry the "job-killing" EPA and proponents point to "green jobs" as a positive policy outcome. And beyond the political debates, Congress requires the EPA to evaluate "potential losses...
Persistent link: https://www.econbiz.de/10012480040
We study a dynamic model of environmental protection in which the level of pollution is a state variable that strategically links policy making periods. Policymakers are forward looking but politically motivated: they have heterogeneous preferences and do not fully internalize the cost of...
Persistent link: https://www.econbiz.de/10012482565
The decade from 2010 to 2019 marked a significant turning point in China's history of environmental regulation and pollution. This article describes the recent trends in air and water quality, with a focus on the five years since China declared a "war on pollution" in 2014. It summarizes the...
Persistent link: https://www.econbiz.de/10012482683
The U.S. Environmental Protection Agency uses a dynamic approach to environmental enforcement for air pollution, with repeat offenders subject to high fines and designation as high priority violators (HPV). We estimate the benefits of dynamic monitoring and enforcement by developing and...
Persistent link: https://www.econbiz.de/10012452911
The possibility of intertemporal banking and borrowing of tradeable permits is often viewed as tilting the various policy debates about optimal pollution control instruments toward favoring such time-flexible quantities. The present paper shows that this view is misleading, at least for the...
Persistent link: https://www.econbiz.de/10012453495
The computable general equilibrium models used in the literature tend to be a bit of a black box. This paper provides some intuition behind what goes on in these black boxes by laying out a simple general equilibrium model and intuitively explaining what lies behind the demand for emissions. It...
Persistent link: https://www.econbiz.de/10012462509