Ghosal, Vivek; Stephan, Andreas; Weiss, Jan F. - 2018
and enforcement. Our key findings are: (1) prudential regulation limits expansion of plants with high initial pollution … literature on the Porter Hypothesis, which posits a positive relationship between environmental regulation and "green" TFP growth …; (2) regulation, however, is not conducive to plants' "green" technical change, which provides evidence against the recast …