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Effect of Environmental Regulation Stringency on the Pulp and Paper Industry
Luleå tekniska universitet, Institutionen för ekonomi, teknik och samhälle, Samhällsvetenskap.
Luleå tekniska universitet, Institutionen för ekonomi, teknik och samhälle, Samhällsvetenskap.ORCID-id: 0000-0002-5194-4197
2017 (Engelska)Ingår i: Sustainability, ISSN 2071-1050, E-ISSN 2071-1050, Vol. 9, nr 12, artikel-id 2323Artikel i tidskrift (Refereegranskat) Published
Abstract [en]

he article investigates whether environmental regulations have affected productivity development and technological change in the European pulp and paper industry. A dynamic panel data approach is selected for analyzing a sample consisting of the pulp and paper industries in eight European countries. Industry total factor productivity for the period 1993–2009 is used as the dependent variable; it is explained by the intensities of environmental regulations for various types of pollutants, as well as by a number of other independent variables. The econometric results indicate that the regulation of nitrogen oxides is associated with productivity improvements with a one-year lag, whereas regulations regarding sulphur dioxide and carbon dioxide have not had any statistically significant impact. In line with the a priori expectations, the price of pulp is connected to a negative effect, while lagged R&D expenditures have had corresponding positive impacts. However, since stationary tests are asymptotic and the data series are quite short, strong conclusions regarding the actual causal effect of environmental policy could not be drawn. The results could therefore not be viewed as a proof of the so-called strong Porter hypothesis postulating that stringent well-designed environmental regulations increase productivity growth compared to a no-policy scenario.

Ort, förlag, år, upplaga, sidor
MDPI , 2017. Vol. 9, nr 12, artikel-id 2323
Nyckelord [en]
environmental regulation, sustainability, productivity, cross-country, Europe, pulp and paper industry
Nationell ämneskategori
Nationalekonomi
Forskningsämne
Nationalekonomi
Identifikatorer
URN: urn:nbn:se:ltu:diva-66979DOI: 10.3390/su9122323ISI: 000419231500169Scopus ID: 2-s2.0-85038007157OAI: oai:DiVA.org:ltu-66979DiVA, id: diva2:1165379
Anmärkning

Validerad;2018;Nivå 2;2017-12-15 (andbra)

Tillgänglig från: 2017-12-13 Skapad: 2017-12-13 Senast uppdaterad: 2019-09-12Bibliografiskt granskad

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fulltext(381 kB)120 nedladdningar
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Förlagets fulltextScopushttp://www.mdpi.com/2071-1050/9/12/2323

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