The political economy of investment: The case of pollution control technology

Per G. Fredriksson; Jim R. Wollscheid

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The political economy of investment: The case of pollution control technology

机译：投资的政治经济学：污染控制技术案例

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This paper seeks to explain the implications of corruption and political instability for firm investment in abatement technology. In our theoretical set-up, a firm has an incentive to under-invest in abatement technology in order to gain a political advantage. The prediction that emerges is that greater corruptibility increases the level of abatement technology investment. This occurs because the strategic incentive to under-invest in pollution control technology declines when policymakers become more corruptible. Moreover, the model predicts that political instability raises abatement technology investment. Using steel-sector panel data from 41 countries for the years 1992-1998, we find empirical support for these predictions.

机译：本文试图解释腐败和政治不稳定对减排技术企业投资的影响。在我们的理论框架中，企业有诱因在减排技术上投资不足，以获得政治优势。出现的预测是更大的腐败性会增加减排技术投资的水平。发生这种情况的原因是，当政策制定者变得更加腐败时，对污染控制技术投资不足的战略动机就会减弱。此外，该模型预测政治不稳定会增加减排技术投资。使用1992年至1998年来自41个国家的钢铁行业面板数据，我们为这些预测提供了经验支持。

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《European journal of political economy》 |2008年第1期|53-72|共20页
作者
Per G. Fredriksson; Jim R. Wollscheid;
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正文语种 eng
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technology choice; corruption; political instability; abatement; pollution control;

机译：技术选择;腐败;政治格局动荡不安;减量污染控制;

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The political economy of investment: The case of pollution control technology

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