Environmental Regulations, Directed Technical Change and Vertical Division of Value Chain

2022 ◽  
Author(s):  
Beining Liu
Keyword(s):  
Value Chain ◽  
Technical Change ◽  
Environmental Regulations ◽  
Directed Technical Change ◽  
Vertical Division

Impacts of Environmental Regulation on Sustainable Economic Growth

2018 ◽  
Vol 9 (9) ◽  
pp. 749-773
Author(s):  
Jonathan Fisher
Keyword(s):  
Economic Growth ◽  
Environmental Regulation ◽  
Technical Change ◽  
Best Practice ◽  
Environmental Regulations ◽  
The European Union ◽  
Porter Hypothesis ◽  
The United Kingdom ◽  
Environment Agency ◽  
Sustainable Economic Growth

There is considerable concern and debate about the economic impacts of environmental regulations. Jonathan Fisher, former Economics Manager at the Environment Agency in England and Wales, reviews the available evidence on this subject. Section 2 presents estimates of the costs and benefits of environmental regulations. Section 3 examines the impacts of environmental regulations on economic growth, innovation and technical change as well as impacts on competitiveness and any movement of businesses to less pollution havens. He questions call for greater certainty regarding future environmental regulations, whereas in fact there should be calls for less uncertainty. This section then suggests how this could be achieved. This section then finishes with an overview of the available evidence. This includes an examination of the Porter Hypothesis that environmental regulations can trigger greater innovation that may partially or more than fully offset the compliance costs. Section 4 then sets out principles for how better environmental regulation can improve its impacts on sustainable economic growth and illustrates how the European Union (EU) Water Framework Directive is a good example of the application of these principles in practice. Section 5 reviews current and recent political perspectives regarding developments in environmental regulations across the EU and shows how the United Kingdom (UK) has successfully positively managed to influence such developments so that EU environmental regulations now incorporate many of these principles to improve their impacts on economic growth. Section 5.1 then examines the implications of Brexit for UK environmental regulations. Finally, Section 6 sets out some best practice principles to improve the impacts of environmental regulation on sustainable economic growth, innovation and technical change.

scholarly journals Offshoring and Directed Technical Change

2012 ◽  
Author(s):  
Daron Acemoglu ◽  
Gino A. Gancia ◽  
Fabrizio Zilibotti
Keyword(s):  
Technical Change ◽  
Directed Technical Change

Industry Concentration and Wage Inequality: a Directed Technical Change Approach

2018 ◽  
Vol 30 (3) ◽  
pp. 457-481 ◽  
Author(s):  
Manuela Magalhães ◽  
Tiago Sequeira ◽  
Óscar Afonso
Keyword(s):  
Wage Inequality ◽  
Technical Change ◽  
Industry Concentration ◽  
Directed Technical Change
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