Title: Notes on environmental regulation and growth

Authors: Anil Markandya, Alexander Golub

Addresses: FEEM and University of Bath Bath BA2 7AY, UK. ' Environmental Defense, USA

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.

Keywords: economic growth; environmental Kuznets curve; environmental policy; greenhouse gases; GHG emissions; increasing returns to scale; Kyoto protocol; environmental regulation.

DOI: 10.1504/IJGENVI.2008.019368

International Journal of Global Environmental Issues, 2008 Vol.8 No.4, pp.335 - 354

Published online: 09 Jul 2008 *

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