Environmental policies and productivity growth: a critical review of empirical findings
The economic effects of environmental policies are of central interest to policymakers. The traditional approach sees environmental policies as a burden on economic activity, at least in the short to medium term, as they raise costs without increasing output and restrict the set of production techno...
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| Format: | Elektronisch Artikel |
| Sprache: | English |
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Paris
OECD Publishing
2014
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| Online-Zugang: | Volltext |
| Zusammenfassung: | The economic effects of environmental policies are of central interest to policymakers. The traditional approach sees environmental policies as a burden on economic activity, at least in the short to medium term, as they raise costs without increasing output and restrict the set of production technologies and outputs. At the same time, the Porter Hypothesis claims that well-designed environmental policies can provide a "free lunch" - encouraging innovation, bringing about gains in profitability and productivity that can outweigh the costs of the policy. This paper reviews the empirical evidence on the link between environmental policy stringency and productivity growth, and the various channels through which such effects can take place. The results are ambiguous, in particular as many of the studies are fragile and context-specific, impeding the generalisation of conclusions. Practical problems related to data, measurement and estimation strategies are discussed, leading to suggestions as to how they can be addressed in future research. These include: improving the measurement of environmental policy stringency; investigating effects of different types of instruments and details of instrument design; exploiting cross-country variation; and the complementary use of different levels of aggregation. |
| Beschreibung: | 1 Online-Ressource (31 p.) 21 x 28cm. |
| DOI: | 10.1787/eco_studies-2014-5jz2drqml75j |
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| spelling | Kozluk, Tomasz VerfasserIn aut Environmental policies and productivity growth a critical review of empirical findings Tomasz, Kozluk and Vera, Zipperer Paris OECD Publishing 2014 1 Online-Ressource (31 p.) 21 x 28cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier The economic effects of environmental policies are of central interest to policymakers. The traditional approach sees environmental policies as a burden on economic activity, at least in the short to medium term, as they raise costs without increasing output and restrict the set of production technologies and outputs. At the same time, the Porter Hypothesis claims that well-designed environmental policies can provide a "free lunch" - encouraging innovation, bringing about gains in profitability and productivity that can outweigh the costs of the policy. This paper reviews the empirical evidence on the link between environmental policy stringency and productivity growth, and the various channels through which such effects can take place. The results are ambiguous, in particular as many of the studies are fragile and context-specific, impeding the generalisation of conclusions. Practical problems related to data, measurement and estimation strategies are discussed, leading to suggestions as to how they can be addressed in future research. These include: improving the measurement of environmental policy stringency; investigating effects of different types of instruments and details of instrument design; exploiting cross-country variation; and the complementary use of different levels of aggregation. Economics Zipperer, Vera MitwirkendeR ctb Enthalten in OECD Journal: Economic Studies Vol. 2014, no. 1, p. 155-185 volume:2014 year:2014 number:1 pages:155-185 FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/eco_studies-2014-5jz2drqml75j Volltext |
| spellingShingle | Kozluk, Tomasz Environmental policies and productivity growth a critical review of empirical findings Economics |
| title | Environmental policies and productivity growth a critical review of empirical findings |
| title_auth | Environmental policies and productivity growth a critical review of empirical findings |
| title_exact_search | Environmental policies and productivity growth a critical review of empirical findings |
| title_full | Environmental policies and productivity growth a critical review of empirical findings Tomasz, Kozluk and Vera, Zipperer |
| title_fullStr | Environmental policies and productivity growth a critical review of empirical findings Tomasz, Kozluk and Vera, Zipperer |
| title_full_unstemmed | Environmental policies and productivity growth a critical review of empirical findings Tomasz, Kozluk and Vera, Zipperer |
| title_short | Environmental policies and productivity growth |
| title_sort | environmental policies and productivity growth a critical review of empirical findings |
| title_sub | a critical review of empirical findings |
| topic | Economics |
| topic_facet | Economics |
| url | https://doi.org/10.1787/eco_studies-2014-5jz2drqml75j |
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