The regional economic impacts of voluntary pollution prevention in New Jersey

Kelly Robinson

Business Strategy and the Environment, 1997, vol. 6, issue 3, 133-145

Abstract: Recent experience with voluntary pollution prevention (P2) for five industries in the state of New Jersey is examined. Using a regional econometric model, it is estimated that P2 will increase regional value added between $3 million and $5 million per year between 1994 and 2005 (1994 US dollars). Most of this gain is in the chemical sector. While small, given the size of the industries studied, the level of P2 in these industries is also small. Furthermore, these estimates exclude environmental benefits and returns from recycling. One significant contribution of the research is to examine the economic impact on the chemical industry of P2‐related reductions in sales. Surprisingly, it is found that P2 may well increase the demand for chemicals locally, because increased efficiency will allow local firms to expand exports. © 1997 John Wiley & Sons, Ltd. and ERP Environment.

Date: 1997
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https://doi.org/10.1002/(SICI)1099-0836(199707)6:33.0.CO;2-B

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