This paper investigates the economic impacts of the Great Lakes Initiative (GLI) using a regional, environmental, computable general equilibrium model. We estimate the impacts on the regional economy by simulating the economy with and without the GLI regulations. We then conduct a break even analysis of non-market benefits of pollution abatement by estimating the amount of in-migration and industrial productivity increase that would have to occur to restore the regional economy to the pre-GLI level of real gross regional product. The potential productivity effect is formalized using Porter s notion that stringent regulations might encourage firms to seek out technological innovation as a means of compliance.
ABSTRACT
Ⅰ. Introduction
Ⅱ. Great Lakes Water Quality Initiative and the Study Region
Ⅲ. Theoretical Foundations for Assessing Regional Impact of Pollution Abatement
Ⅳ. The Computable General Equilibrium Model and Data
Ⅴ. Policy Scenarios
Ⅵ. Model Results
Ⅶ. Conclusion
References
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