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Costly Pollution Abatement, Competitiveness, and Plant Location Decisions
Markusen, James R. - 1996
The US-Mexico free-trade debate included some theoretical assertions that were then used as arguments against trade and investment liberalization. (1) Trade liberalization increases the degree to which production is internationally relocated in response to environmental restrictions...
Persistent link: https://www.econbiz.de/10012473369
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Noncooperative Equilibria in Regional Environmental Policies When Plant Locations are Endogenous
Markusen, James R. - 1992
A two-region model is presented in which an imperfectly competitive firm produces a good with increasing returns at the plant level, and in which shipping costs exist between the two markets. Production of the good causes local pollution, and regional governments can levy pollution taxes or...
Persistent link: https://www.econbiz.de/10012474928
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Environmental Policy When Market Structure and Plant Locations are Endo-genous
Markusen, James R. - 1991
A two-region, two-firm model is developed in which firms choose the number and the regional locations of their plants. Both firms pollute and, in this context, market structure is endogenous to environmental policy. There are increasing returns at the plant level, imperfect competition between...
Persistent link: https://www.econbiz.de/10012475340
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Manufacturing Plant Location : Does State Pollution Regulation Matter?
Gray, Wayne B. - 1997
This paper tests whether differences across states in pollution regulation affect the location of manufacturing activity in the U.S. Plant-level data from the Census Bureau's Longitudinal Research Database is used to identify new plant births in each state over the 1963-1987 period. This is...
Persistent link: https://www.econbiz.de/10012472948
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Climate Risks and FDI
Gu, Grace Weishi; Hale, Galina - National Bureau of Economic Research - 2022
(physical risk) and implementation of climate-change mitigation policies (transition risk). This paper explores whether … risk following Paris Climate Accord. We also find that FDI outflows following extreme weather events from affected … countries are smaller for industries with higher emission productivity. Our theory and empirical results point to the importance …
Persistent link: https://www.econbiz.de/10013388808
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Combating Cross-Border Externalities
Shiyi, Chen; Zivin, Joshua S. Graff; Wang, Huanhuan; … - National Bureau of Economic Research - 2022
This paper investigates the impact of a pioneering pollution reduction program, the Ecological Compensation Initiative (ECI) in China, which establishes side payments between upstream and downstream provinces along the same river. The program includes both Coasian and pay-for-performance...
Persistent link: https://www.econbiz.de/10013334450
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Trade, Leakage, and the Design of a Carbon Tax
Weisbach, David A.; Kortum, Samuel; Wang, Michael Y.; … - National Bureau of Economic Research - 2022
Climate policies vary widely across countries, with some countries imposing stringent emissions policies and others doing very little. When climate policies vary across countries, energy-intensive industries have an incentive to relocate to places with few or no emissions restrictions, an effect...
Persistent link: https://www.econbiz.de/10013334461
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Export-Platform FDI : Cannibalization or Complementarity?
Antràs, Pol; Fadeev, Evgenii; Fort, Teresa C.; … - National Bureau of Economic Research - 2024
We develop a model of export-platform foreign direct investment (FDI) in which final goods are produced only with labor and there are no fixed costs of exporting. We derive a simple condition that determines whether an MNE's plants are substitutes or complements. This condition is shaped by the...
Persistent link: https://www.econbiz.de/10014468292
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Policy Uncertainty Reduces Green Investment
Wang, Mengyu; Wurgler, Jeffrey; Zhang, Hong - National Bureau of Economic Research - 2023
Government subsidies are often used to stimulate environment-friendly investment. We find that Chinese firms reduce green investment as the uncertainty of subsidies rises. This effect is identified from weather-driven fluctuations in air pollution that lead to fluctuations in subsidy...
Persistent link: https://www.econbiz.de/10014322788
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Combinatorial Discrete Choice : A Quantitative Model of Multinational Location Decisions
Arkolakis, Costas; Eckert, Fabian; Shi, Rowan - National Bureau of Economic Research - 2023
We introduce a general quantifiable framework to study the location decisions of multinational firms. In the model, firms choose in which locations to pay the fixed costs of setting up production, taking into account potential complementarities among production locations. The firm's location...
Persistent link: https://www.econbiz.de/10014437008