Environmental Regulations and Technological Change in the Offshore Oil and Gas Industry.
Technological progress can play a key role 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 environmen...
| Published in: | Land Economics Vol. 81; no. 2; pp. 303 - 320 |
|---|---|
| Main Authors: | , , |
| Format: | Article |
| Published: |
University of Wisconsin Press
May 2005
|
| Subjects: | |
| Online Access: | View this record in EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=510496882&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 510496882 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00237639 LAE jtl: Land Economics issn: 00237639 maglogo: N pubinfo: dt: May 2005 vid: 81 iid: 2 pid: 249 pub: University of Wisconsin Press artinfo: ui: 510496882 ppf: 303 ppct: 17 formats: fmt: – @attributes: type: T – @attributes: type: P size: 1.4MB tig: atl: Environmental Regulations and Technological Change in the Offshore Oil and Gas Industry. aug: au: Managi, Shunsuke Opaluch, James J. Jin, Di su: Petroleum industry Technological innovations Environmental policy & economics Offshore oil well drilling sug: subj: Petroleum industry Technological innovations Environmental policy & economics Offshore oil well drilling ab: Technological progress can play a key role 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. (JEL O38, L71) Reprinted by permission of the publisher. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
|---|