We analyze the connection between productivity, pollution abatement expenditures, and other measures of environmental … between abatement costs and productivity. Other measures of environmental regulation faced by the plants (compliance status … regulation for plants in three industries (paper, oil, and steel). We examine data from 1979 to 1990, considering both total …

developing countries, where pollution levels are high. The benefits to society from environmental regulation hence appear to be … fraction of a firm's total costs. Productivity tends to fall, and firms may shift new investment and production to locations … with less stringent regulation. However, environmental regulations have had enormous benefits in terms of lives saved and …

the discontinuities in regulation status to show that the emission performance standards led to sizeable declines in … new plants were not myopic in complying to the standards, we estimate the treatment effect close to the regulation …