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.
International Journal of Global Environmental Issues, 2008 Vol.8 No.4, pp.335 - 354
Published online: 09 Jul 2008 *Full-text access for editors Full-text access for subscribers Purchase this article Comment on this article