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In recent years, extensive literature on the Environmental Kuznets Curve leading to optimistic policy conclusions has attracted great attention. However, the underlying cross-section estimations are not very reliable. Accordingly, this contribution uses time series data for a single country with...
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Production often causes pollution as a by-product. Once pollution problems become too severe, regulation is introduced … and decline of pollution can be explained by policyinduced technology shifts. …
Persistent link: https://www.econbiz.de/10010484504
patent markets, knowledge spillovers are already internalized to a huge extent. For the output-induced pollution … welfare. However, for the capital-induced pollution specification, internalizing the knowledge spillovers goes hand in hand …
Persistent link: https://www.econbiz.de/10010485437
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