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- Title
Environmental Regulations and Technological Change in the Offshore Oil and Gas Industry.
- Authors
Managi, Shunsuke; Opaluch, James J.; Di Jin; Grigalunas, Thomas A.
- Abstract
Technological progress can play a key rote 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.
- Subjects
ENVIRONMENTAL protection; TECHNOLOGICAL innovations; ENVIRONMENTAL policy; PRODUCTION (Economic theory); ECONOMETRIC models; MATHEMATICAL models
- Publication
Land Economics, 2005, Vol 81, Issue 2, p303
- ISSN
0023-7639
- Publication type
Article
- DOI
10.3368/le.81.2.303