Environmental regulation and U.S. economic growth

Dale W. Jorgenson, Peter J. Wilcoxen

Research output: Chapter in Book/Report/Conference proceedingChapter

Abstract

In this article we quantify the costs of pollution controls by reporting the results of simulations of the growth of the U.S. economy with and without regulation. For this purpose, we have constructed a detailed model of the economy that includes the determinants of long-term growth. We have also analyzed the interaction between industries in order to capture the full repercussions of environmental regulations. However, we have not attempted to assess the benefits resulting from a cleaner environment. We fin d that pollution abatement has emerged as a major claimant on the resources of the U.S. economy. The cost of emission controls is more than 10% of the total cost of government purchases of goods and services.

Original languageEnglish (US)
Title of host publicationEconomic Costs and Consequences of Environmental Regulation
PublisherTaylor and Francis
Pages225-252
Number of pages28
ISBN (Electronic)9781315188010
ISBN (Print)9781138731141
StatePublished - Jan 18 2018
Externally publishedYes

ASJC Scopus subject areas

  • Social Sciences(all)

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  • Cite this

    Jorgenson, D. W., & Wilcoxen, P. J. (2018). Environmental regulation and U.S. economic growth. In Economic Costs and Consequences of Environmental Regulation (pp. 225-252). Taylor and Francis.