Measuring the effects of environmental regulations on manufacturing plant births: A new empirical paradigm

被引:0
|
作者
List, JA [1 ]
Millimet, DL [1 ]
机构
[1] Univ Maryland, Dept Agr & Resource Econ, College Pk, MD 20742 USA
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中图分类号
F [经济];
学科分类号
02 ;
摘要
The effect of environmental regulations on capital flows has been examined empirically for nearly three decades. We revisit this literature using a unique county-level data set for New York State from 1980-1990, and a new empirical model: a semi-nonparametric empirical method based on propensity score matching. Our empirical estimates suggest that "dirty" firms are responding to environmental regulations, but more importantly we find that traditional parametric methods used in previous studies may dramatically understate the impact of more stringent environmental regulations.
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页码:149 / 176
页数:28
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