Plant vintage, technology, and environmental regulation |
| |
Authors: | Wayne B. Gray Ronald J. Shadbegian |
| |
Affiliation: | a Department of Economics, Clark University, 950 Main Street, Worcester, MA 01610-1477, USA;b National Bureau of Economic Research, USA;c University of Massachusetts at Dartmouth, USA;d US EPA, National Center for Environmental Economics, USA |
| |
Abstract: | We use data on productivity and pollution abatement costs at individual pulp and paper mills to test whether the impact of environmental regulation on productivity differs by plant vintage and technology. Plants with higher pollution abatement costs have significantly lower productivity levels. This relationship differs greatly based on a plant's technology, with productivity at integrated mills being greatly affected by abatement costs, while the impact at non-integrated mills is negligible. Plant vintage does not seem to matter, with older and newer plants showing similar impacts. Reported abatement costs appear to substantially understate the true costs of abatement. Accounting for the impact of technology differences makes some difference in the estimated overall impact of environmental regulation. |
| |
Keywords: | Pollution abatement costs Environmental regulation Productivity Pulp and paper industry |
本文献已被 ScienceDirect 等数据库收录! |
|