||Empirical Test of Economic Model for Innovation in the Chemical Industry.
||Meta Systems, Inc., Cambridge, MA.;Environmental Protection Agency, Washington, DC. Office of Pesticides and Toxic Substances.
Chemical industry ;
Economical analysis ;
Mathematical models ;
Waste disposal ;
Toxic substance control act ;
||Most EPA libraries have a fiche copy filed under the call number shown. Check with individual libraries about paper copy.
The object of this report was to develop a model describing the innovation process in the chemical industry. The model developed provides a means of measuring and analyzing the impacts on innovation of various regulations. Of particular interest is the Toxic Substance Control Act (TSCA), which many critics argue has had a detrimental impact on innovation in the Chemical industry. First, a model of the innovation process is developed. This model contains three equations, which are also estimated using available data. The model works well explaining a great deal about the innovation process. Second, an attempt was made to analyze the impacts of TSCA. The data needed to complete a complete analysis of TSCA.