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Industrial policy has long been criticized as subject to protectionist interests; accordingly, subsidies to domestic producers face disciplines under World Trade Organization agreements, without exceptions for environmental purposes. Now green industrial policy is gaining popularity as...
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The relationship between per capita income and a number of pollution indicators has been found to display an inverted U …-shaped or downward-sloping pattern. Corruption may affect this relationship in two distinct ways: by raising pollution at given …. Using cross section data for several indicators of pollution, the paper estimates the direct and the indirect effect of …
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environmental ("carbon") tax on polluting production, as well as the effect of government spending on pollution abatement over the … cycle. In particular, a positive shock to pollution emission in the model works like a positive technological shock, but its … effect is quantitatively very small. Allowing for pollution as a by-product of production improves the model performance …
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