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Fears that globalization necessarily hurts the environment are not well-founded. A survey reveals little statistical evidence, on average across countries, that openness to international trade undermines national attempts at environmental regulation through a race to the bottom' effect. If...
Persistent link: https://www.econbiz.de/10013217954
Evidence suggests that some pollutants follow an inverse-U-shaped pattern relative to countries' incomes. This relationship has been called the out a simple and straight-forward static model of the microfoundations of the pollution-income relationship. We show that the environmental Kuznets...
Persistent link: https://www.econbiz.de/10013225567
Using a new specification, we reanalyze the data on worldwide environmental quality investigated by Gene Grossman and Alan Krueger in a well-known paper on the environmental Kuznets curve (which postulates an inverse U shaped relationship between income level and pollution). The new...
Persistent link: https://www.econbiz.de/10013228239
This paper reviews both theory and empirical work on economic growth and the environment. We develop four simple growth models to help us identify key features generating sustainable growth. We show how some combination of technological progress in abatement, intensified abatement, shifts in the...
Persistent link: https://www.econbiz.de/10013244908
For the last ten years environmentalists and the trade policy community have engaged in a heated debate over the environmental consequences of liberalized trade. The debate was originally fueled by negotiations over the North American Free Trade Agreement and the Uruguay round of GATT...
Persistent link: https://www.econbiz.de/10013322309
We show that isolated capital cities are robustly associated with greater levels of corruption across US states, in …
Persistent link: https://www.econbiz.de/10013082070
possibility that some features of FDI host countries, such as bureaucratic corruption, may deter inward FDI, but are positively … explicitly into account corruption level in host countries and using a firm-level data set on investment projects in 24 …
Persistent link: https://www.econbiz.de/10013246646
The most recent addition to the economics of gloom concerns the interplay between income and environmental degradation. The main question raised is whether or not continued environmental degradation is a necessary part of the process of industrialization. Will pollution continue to increase...
Persistent link: https://www.econbiz.de/10013237939
transaction difficulties. But, such environments often also feature highly interventionist government, and even corruption … political rent seeking is substantial, firm value might rise as economy performance decays. China offers a suitable background …
Persistent link: https://www.econbiz.de/10012753256
We demonstrate that a key empirical finding in environmental economics - The Environmental Kuznets Curve - and the core model of modern macroeconomics - the Solow model - are intimately related. Once we amend the Solow model to incorporate technological progress in abatement, the EKC is a...
Persistent link: https://www.econbiz.de/10013229137