Notes on environmental regulation and growth
by Anil Markandya, Alexander Golub
International Journal of Global Environmental Issues (IJGENVI), Vol. 8, No. 4, 2008

Abstract: This paper looks at the costs of regulating the environment on economic growth in a model that has increasing returns to scale in production at lower levels of development. It concludes that these costs are low, as are the costs of moving from a non-optimal regulatory policy to an optimal one. The implied shape of the Environmental Kuznets Curve may have one or two humps, but this depends upon the underlying parameters.

Online publication date: Wed, 09-Jul-2008

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