Main Title |
Plant vintage, technology, and environmental regulation / |
Author |
Gray, Wayne B. ;
001 Gray, Wayne B.
|
Other Authors |
|
Publisher |
National Center for Environmental Economics, |
Year Published |
2001 |
OCLC Number |
57307223 |
Subjects |
Small business--United States ;
Industrial laws and legislation--Compliance costs--United States
|
Internet Access |
|
Holdings |
Library |
Call Number |
Additional Info |
Location |
Last Modified |
Checkout Status |
EJBR EPAAUX |
HC79.E5N386 2001-04 |
|
Headquarters Library/Washington,DC |
03/16/2020 |
|
Collation |
45 pages ; 22 cm. |
Notes |
"November 2001." 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. |
Place Published |
Washington, D.C. : |
Access Notes |
Also available on the Internet. Viewed: 12/21/2004. |
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 |
Cataloging Source |
OCLC/T |
OCLC Time Stamp |
20041221155011 |
Language |
eng |
Origin |
OCLC |
Type |
CAT |
OCLC Rec Leader |
02713nam 2200325Ia 45020 |