OLS : Record


Main Title Plant vintage, technology, and environmental regulation
Author 001 Gray, Wayne B.
Publisher National Center for Environmental Economics,
Place Published Washington, D.C. :
Year Published 2001
OCLC Number 57307223
Subject Added Ent Small business--United States; Industrial laws and legislation--Compliance costs--United States
Internet Access
Description Access URL
Library   Call Number Additional Info Location Date Modified
EJBM HC79.E5N386 2001-04 Headquarters Library/Washington,DC 12/24/2004
Collation 45 p. ; 22 cm.
Notes "November 2001." Includes bibliographical references. Includes bibliographical references.
Contents Notes Does the impact of environmental regulation differ by plant vintage and technology? We answer this question using annual Census Bureau information on 116 pulp and paper mills vintage, technology, productivity, and pollution abatement operating costs for 1979-1990. We find a significant negative relationship between pollution abatement costs and productivity levels. This is due almost entirely to integrated mills (those incorporating a pulping process), where a one standard deviation increase in abatement costs is predicted to reduce productivity by 5.4 percent. Older plants appear to have lower productivity but are less sensitive to abatement costs, perhaps due to grandfathering of regulations. Mills which undergo renovations are also less sensitive to abatement costs, although these vintage and renovation results are not generally significant. We find similar results using a log-linear version of a three input Cobb-Douglas production function in which we include our technology, vintage, and renovation variables. Sample calculations of the impact of pollution abatement on productivity show the importance of allowing for differences based on plant technology. In a model incorporating technology interactions we estimate that total pollution abatement costs reduce productivity levels by an average of 4.7 percent across all the plants. The comparable estimate without technology interactions is 3.3 percent, approximately 30% lower.
Access Notes Also available on the Internet. Viewed: 12/21/2004.
Author Added Ent
Shadbegian, Ronald J.
Corporate Au Added Ent National Center for Environmental Economics (U.S.)
Title Ser Add Ent Working paper series (National Center for Environmental Economics) ;
PUB Date Free Form 2001.
Series Title Untraced Working paper series ; 01-04
BIB Level m
OCLC Time Stamp 20041221155011
Cataloging Source OCLC/T
Language eng
Origin OCLC
Type CAT
OCLC Rec Leader 02713nam 2200325Ia 45020