Environmental Protection Versus Economic Development: A False Trade-Off?

Autor:	Christopher Stream, Rochard C. Feiock
Rok vydání:	2001
Předmět:	Marketing Economic growth Public Administration Sociology and Political Science media_common.quotation_subject Investment (macroeconomics) Trade-off State (polity) Return on investment Economics Resource allocation Production (economics) Economic impact analysis Willingness to accept media_common
Zdroj:	Public Administration Review. 61:313-321
ISSN:	1540-6210 0033-3352
DOI:	10.1111/0033-3352.00032
Popis:	Is a trade-off between the social benefits of regulation and the economic benefits of development inevitable? We argue that environmental regulation may deter economic growth in some contexts, however, in other contexts the benefits of regulation may be obtained with little or no economic loss. We develop an explanation of the economic impacts of state environmental policy based on a model of public influence on private resource allocation decisions. In this model, we assume utility-maximizing firms will make investment choices based upon the projected profits on their investments and their willingness to accept the risk associated with the investments. We assert that state policies and administrative institutions influence perceptions of risk by increasing or decreasing uncertainty over future environmental policy and influence return on investments at particular locations by affecting firm-level production costs. Our results confirm that certain administrative arrangements for environmental regulation may enhance, rather than impede, economic development.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::fd9dacc3bda165a83c80f5f93ddc4a8d https://doi.org/10.1111/0033-3352.00032 Zobrazit plný text záznamu Plný text ve formátu PDF Plný text ve formátu HTML
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