An Empirical Study of Environmental Standard-Setting in Korea

Geum Soo Kim, Wankeun Oh and David Kelleher
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Geum Soo Kim: Hoseo University
Wankeun Oh: Hankuk University of Foreign Studies
David Kelleher: Hoseo University

Korean Economic Review, 2002, vol. 18, 305-314

Abstract: The study focuses on the behavior of the Ministry of Environment in Korea, a standard-setting and budget-constrained agency. It is shown that with standards and fines remaining largely constant during the period of analysis, substitution took place in terms of inspection frequency vis-a'-vis stringency of punishment methods. The agency's budget is found to be positively related to inspection frequency, though the relationship is not statistically significant. One important policy implication of the analysis is that an increase in enforcement budget does not guarantee strengthening of enforcement.

Keywords: Environmetal standard; enforcement; inspection (search for similar items in EconPapers)
JEL-codes: K42 L51 Q28 (search for similar items in EconPapers)
Date: 2002
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