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| Author: | Feichtinger, G. (et al.) |
| Title: | Environmental policy, the porter hypothesis and the composition of capital: effects of learning and technological progress |
| Journal: | Journal of Environmental Economics and Management
2005 : SEP, VOL. 50:2, p. 434-446 |
| Index terms: | environmental policy technological change |
| Language: | eng |
| Abstract: | This article examines the effect of environmental policy on the composition of capital. It generalizes the framework of Xepapadeas and De Zeeuw by allowing for nonlinear functional forms and technological progress. The findings of this study show that in the presence of learning a stricter environmental policy can have a more negative effect on the economy, to obtain a given emissions reduction the emission tax increase should be higher, and the resulting negative effect on industry profits is larger. |
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