Abatement R&amp;D, market imperfections, and environmental policy in an endogenous growth model

Chu, Hsun; Lai, Ching‐chong

doi:10.1016/j.jedc.2014.02.011

Cited by 37 publications

(24 citation statements)

References 52 publications

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“…Hence, environmental innovation may be inherently driven by the induced needs of vertically‐related enterprises with poor environmental performance. Chu and Lai () described this process more straightforwardly: emission‐reduction technologies are developed in the upstream industries and then are sold to downstream polluting industries.…”

Section: Environmental Regulation and Ecological Innovationmentioning

confidence: 99%

Environmental Regulation and Enterprise Innovation: A Review

et al. 2020

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The impact of environmental regulation on enterprise innovation is closely related to the competitiveness of the enterprise and sustainable development of the regional economy, but existing research does not provide a consistent view. This paper summarizes the impacts of environmental regulation on enterprise innovation from the perspectives of technological innovation, product innovation, system innovation and ecological innovation. We find that the impacts of environmental regulation on enterprise innovation behaviour are complex, and that the impacts can be reflected together by the four aspects above and even by their interaction. Moreover, the impacts are not limited to the creation of new technologies, products, and systems but also include their adoption and application. In particular, whether the Porter hypothesis is true and which versions of the Porter hypothesis environmental regulation causes in enterprise innovation depend on enterprise characteristics, means of environmental regulation, and enterprises' strategic behaviours in an enterprise ecosystem. Finally, we propose five potential research directions: quantifying the degree of enterprise innovation caused by environmental regulation, the impacts of environmental regulation on sustainable economic development from an enterprise ecosystem perspective, the impacts of enterprise innovation on environmental regulation, the role of enterprise initiative in the relationship between environmental regulation and enterprise innovation, and social security issues and the integration of eliminated enterprises resulting from environmental regulation.

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Section: Environmental Regulation and Ecological Innovationmentioning

confidence: 99%

Environmental Regulation and Enterprise Innovation: A Review

et al. 2020

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“…The first one is the “capital externality” suggested by the standard literature of endogenous growth theory such as Romer () and Lucas () . The second one is the “environmental production externality,” which indicates that the output level can rise with a better environmental quality (see, e.g., Bovenberg & Smulders, ; Fullerton & Kim, ; Chu & Lai, ). The technology level can be specified in the following form:

{normalΛ}_{t} = A {K_{t}}^{1 - α} {E_{t}}^{normalλ},

where A > 0 is a constant, and λ ≥ 0 is a parameter that reflects the extent of the environmental externality.…”

Section: The Modelmentioning

confidence: 99%

“… In the environmental economics literature, the environmental externality in utility is a central feature and has been adopted in most of the literature. For studies assuming an environmental externality in production see, for example, Bovenberg and Smulders (), Smulders and Gradus (), Fullerton and Kim (), and Chu and Lai (). …”

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Growth, intergenerational welfare, and environmental policies in an overlapping generations economy

Chu

Cheng

Lai

2017

Review Development Economics

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This paper examines the effects of the environmental tax on long-run growth and intergenerational welfare in a discrete-time overlapping generations (OLG) model. We highlight that the role regarding how the environmental tax revenues are distributed between the young or old generations has important implications for the growth and welfare effects. Our results indicate that raising the environmental tax can exert different effects on the environmental utility of the existing young and old generations, implying an intergenerational welfare conflict of the environmental policy. However, if tax revenues are distributed appropriately, our numerical simulation shows that it is possible for a higher environmental tax to improve the welfare of all generations. wileyonlinelibrary.com/journal/rode Rev Dev Econ. 2018;22:844-861.

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“…For example, Ligthart and van der Ploeg (1994), den Butter and Hofkes (1995) and Nielsen, Pedersen, and Sørensen (1995) assume that consumption and pollution are set to be time separable in a household's utility, so that a negative linkage between environmental consciousness and the economic growth rate is established. Running counter to the preceding viewpoint, some studies, e.g., Elbasha and Roe (1996), Huang and Cai (1994), Shieh, Lai, and Chen (2001), Itaya (2008), Chen, Shieh, Chang, and Lai (2009) and Chu and Lai (2014) also include pollution as a disutility in a multiplicative utility function of economic agents to capture the amenity effect of a clean environment. They find International Review of Economics and Finance 34 (2014) 151-160 ☆ The authors would like to thank Been-lon Chen, Hsun Chu, and the seminar participants at National Sun Yat-Sen University and National Chung Cheng University for their helpful comments and suggestions.…”

Section: Introductionmentioning

confidence: 99%