Showing 11 - 20 of 468
Capital markets may be an important tool in the reduction of pollution emissions. Indeed, they provide firms with an incentive to maintain a good environmental record (or at least, a good reputation) in order to maximize the value of their equity shares. Also, efficient capital markets may...
Persistent link: https://www.econbiz.de/10008527513
A Monte Carlo investigation shows that the rejection probability of the structural stability test of Andrews (2003) depends on several characteristics of the DGP, one of which is the length of the hypothesized break period. This is analyzed and found to be caused, at least in part, by the fact...
Persistent link: https://www.econbiz.de/10008527514
The economic literature has been investigating the positive relation between public infrastructure spending and the productivity of the private sector since Munnell (1992). We have introduced this relationship into a recursive dynamic computable general equilibrium model of the Quebec economy to...
Persistent link: https://www.econbiz.de/10010684813
L’estimation des coûts liés à l’imposition de limites aux émissions de gaz à effet de serre (GES) a fait l’objet de beaucoup d’attention médiatique dernièrement. La Chine étant un des plus grands émetteurs de GES, l’évaluation des coûts pour l’économie chinoise est donc...
Persistent link: https://www.econbiz.de/10005012474
Observing the weakness in the previous structural analyses on Environmental Kuznets Curve (EKC) formation, in this paper, author deepens the analysis into the detailed data of production and SO2 emission intensity of the 29 industrial sectors (occupying over 98% of the total industrial...
Persistent link: https://www.econbiz.de/10005770798
This paper discusses the validity of the Environmental Kuznets Curve hypothesis for the case of China’s industrial SO2 emission through both reduced and structural model. The estimated Chinaspecific EKC curve for per capital industrial SO2 emission predicts the turning point of 9000 yuan (2750...
Persistent link: https://www.econbiz.de/10005770800
To get better understanding on trade’s impact on environment, we construct a four-equation simultaneous system, in which emission is determined by the three economic determinants: scale, composition and technical effects and directly by trade. Supposing the three economic determinants are also...
Persistent link: https://www.econbiz.de/10005770802
We develop two public choice models in which environmental regulation is determined endogenously in the presence of agents who are heterogenous in wealth or income. In the first model, regulation is determined by a majority vote, and an increase in inequality induces an increase in environmental...
Persistent link: https://www.econbiz.de/10005770821
This paper surveys the existing Environmental Kuznets Curve studies and discusses to what extent they may be valid and applicable for developing countries. We found that, given the shortcomings in both the theoretical and empirical aspects of the analyses applied to this hypothesis, no...
Persistent link: https://www.econbiz.de/10005609426
L’intensité de pollution inférieure des firmes de grande taille et leurs moindres coûts marginaux de réduction des émissions demeurent un fait largement documenté dans la littérature empirique. En poursuivant les intuitions de Merlevede et al (2006), nous examinons l’hypothèse...
Persistent link: https://www.econbiz.de/10008506023