Exporting Pollution:Where Do Multinational Firms Emit CO2?
| Autor: | Michael Viehs, Yeejin Jang, Itzhak Ben-David, Stefanie Kleimeier |
|---|---|
| Přispěvatelé: | Finance, RS: GSBE Theme Sustainable Development, Department of Accounting and Finance, RS-Research Line Innovation (part of LIRS program) |
| Jazyk: | angličtina |
| Rok vydání: | 2021 |
| Předmět: |
Pollution
Economics and Econometrics IMPACT media_common.quotation_subject Environment and Trade Sustainability Environmental Accounts and Accounting Environmental Equity REGULATIONS Management Monitoring Policy and Law Development Multinational Firms International Business 0502 economics and business EXTERNALITIES r11 - Regional Economic Activity: Growth FOREIGN DIRECT-INVESTMENT Environmental Issues 050207 economics 050205 econometrics media_common and Changes Natural Resources Energy Environment 05 social sciences GOVERNANCE International economics Environment and Development Population Growth TRADE r11 - Regional Economic Activity: Growth Development Environmental Issues and Changes Economic Development: Agriculture Other Primary Products Regional Economic Activity: Growth Multinational corporation Microdata (HTML) ENVIRONMENTAL-REGULATION HAVEN HYPOTHESIS Business |
| Zdroj: | Kleimeier, S, Ben-David, I, Viehs, M & Jang, Y 2021, ' Exporting Pollution : Where Do Multinational Firms Emit CO2? ', Economic Policy, vol. 36, no. 107, pp. 377-437 . https://doi.org/10.1093/epolic/eiab009 Economic Policy, 36(107), 377-437. Wiley-Blackwell Economic Policy, 36(107), 377-437. Oxford University Press |
| ISSN: | 0266-4658 |
| DOI: | 10.1093/epolic/eiab009 |
| Popis: | Despite widespread awareness of the detrimental impact of CO2 pollution on the world climate, countries vary widely in how they design and enforce environmental laws. Using novel microdata about multinational firms' CO2 emissions across countries, we document that firms headquartered in countries with strict environmental policies perform their polluting activities abroad in countries with relatively weaker policies. These effects are largely driven by tightened environmental policies in home countries that incentivize firms to pollute abroad rather than lenient foreign policies that attract those firms. Although firms headquartered in countries with strict domestic environmental policies are more likely to export pollution to foreign countries, they nevertheless emit somewhat less overall CO2 globally. |
| Databáze: | OpenAIRE |
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