Environmental Policy under Weak Institutions / Cem Karayalcin

By: Contributor(s): Resource type: Ressourcentyp: Buch (Online)Book (Online)Language: English Publisher: Washington, D.C : The World Bank, 2024Description: 1 Online-Ressource (20 pages)Subject(s): Additional physical formats: Erscheint auch als: Environmental Policy under Weak Institutions. Druck-Ausgabe Washington, D.C. : The World Bank, 2024DOI: DOI: 10.1596/1813-9450-10719Online resources: Summary: Developing countries are facing mounting pressures to incorporate environmental concerns into their policy reform agendas. This paper finds that common environmental policies, such as levying taxes to reduce the excessive exploitation of natural assets, can be self-defeating when (i) institutions are weak and (ii) the general equilibrium effects of such policy actions are overlooked. This seemingly paradoxical result is driven by fundamental mechanisms in structural transformation frameworks, without the need for strong assumptions. It also carries a clear policy implication: environmental policies should be considered within a country's broader development context, rather than in isolationPPN: PPN: 1885607644Package identifier: Produktsigel: ZDB-1-WBA | ZDB-110-WBL
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