Notes on environmental regulation and growth

Anil Markandya and Alexander Golub

International Journal of Global Environmental Issues, 2008, vol. 8, issue 4, 335-354

Abstract: This paper looks at the costs of regulating the environment on economic growth in a model that has increasing returns to scale in production at lower levels of development. It concludes that these costs are low, as are the costs of moving from a non-optimal regulatory policy to an optimal one. The implied shape of the Environmental Kuznets Curve may have one or two humps, but this depends upon the underlying parameters.

Keywords: economic growth; environmental Kuznets curve; environmental policy; greenhouse gases; GHG emissions; increasing returns to scale; Kyoto protocol; environmental regulation. (search for similar items in EconPapers)
Date: 2008
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijgenv:v:8:y:2008:i:4:p:335-354

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