Environmental Protection and Economic Growth: What Do the Residuals Tell Us?
利用1982-1994年美国州级面板数据，研究环境规制对制造业就业的影响，发现环境规制对四个行业中的三个有负面作用。
Conventional wisdom implies economic growth and environmental quality are incompatible policy objectives. Recent empirical evidence, however, suggests stringency of environmental regulations are only weakly (or not at all) associated with decreased manufacturing activity. This paper uses more recent (1982-1994) state-level panel data to rest if environmental regulations affect manufacturing employment. Estimation results from our three-stage sample selection panel data model suggest that state environmental regulations adversely affect job growth in three of the four industries analyzed.