ENVIRONMENTAL POLICY IN DEVELOPING COUNTRIES: A DYNAMIC ANALYSIS

Amitrajeet Batabyal

Chapter 9 in Dynamic and Stochastic Approaches to the Environment and Economic Development, 2008, pp 145-164 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractWe construct a dynamic model of the environmental policy formulation process in a stylized developing country (DC). We analyze the employment and output effects of three pollution control policies. These policies embody different assumptions about the DC government's ability to commit to its announced course of action. We characterize the time path of the government's policy variable. We show that optimality calls for an activist policy, irrespective of the length of time to which the government can commit to its announced policy. This notwithstanding, the effects of this activist policy depend fundamentally on the government's period of commitment.

Keywords: Economic Development; Environment; Natural Resources; Dynamic Modeling; Stochastic Modeling (search for similar items in EconPapers)
Date: 2008
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Journal Article: Environmental Policy in Developing Countries: A Dynamic Analysis (1998)
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