Environmental regulations and technological change in the offshore oil and gas industry

Shunsuke Managi, James J. Opaluch, Jin Di, Thomas A. Grigalunas

研究成果: Article査読

99 被引用数 (Scopus)

抄録

Technological progress can play a key role in raising standards of living while improving environmental quality. Well-designed environmental regulations encourage innovation, while poorly designed regulations can inhibit progress. The Porter hypothesis goes further to suggest that tougher environmental regulations could spur innovation, leading to increased productivity of market outputs. We apply frontier production analysis to measure various components of total factor productivity within a joint production model, which considers both market and environmental outputs. We test the causality between technological innovation and environmental regulation and find support for a recast version of the Porter hypothesis.

本文言語English
ページ(範囲)303-319
ページ数17
ジャーナルLand Economics
81
2
DOI
出版ステータスPublished - 2005 5

ASJC Scopus subject areas

  • Environmental Science (miscellaneous)
  • Economics and Econometrics

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