The Porter Hypothesis and the Economic Consequences of Environmental Regulation: A Neo-Schumpeterian Approach
Language: English
Published by Edward Elgar Publishing, 2004
- Hardcover
- New
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In English.
Seller Inventory # ria9781843766445_new
- Title
- The Porter Hypothesis and the Economic Consequences of Environmental Regulation: A Neo-Schumpeterian Approach
- Author
- Roediger-Schluga, Thomas
- Publisher
- Edward Elgar Publishing
- Publication year
- 2004
- Condition
- New
- Binding
- Hardcover
- Language
- English
- ISBN 10
- 1843766442
- ISBN 13
- 9781843766445
- Item weight
- 1,000 grams
Since radical technological advance is unpredictable, this implies that environmental regulation induces, at the very most, incremental improvements of existing designs. Moreover, due to the high political costs of disrupting existing industry structures, regulation objectives are often adjusted or the compliance costs reduced through subsidies. Due to this limited inducement effect, the author finds that environmental regulation does not produce outcomes consistent with the Porter Hypothesis, nor does it have any palpable negative economic impact. Using detailed case-study evidence, each step of his argument is skilfully illustrated. The book concludes with a number of concrete policy recommendations as to how existing and future regulations might be improved and how the development of radically novel cleaner technology may be fostered.
This book provides a comprehensive assessment of the negotiation process that leads to the design of regulatory policy objectives. It also represents a first attempt to study the possibilities and limitations of environmental regulation as a policy tool to stimulate the development and diffusion of cleaner technologies. Environmental economists, resource managers and policymakers interested in environmental regulation and technological change will welcome this valuable addition to the literature.
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Ria Christie Collections
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