The role of property rights in determining the environmental quality–income relationship

This paper examines the role of property rights in shaping the relationship between environmental quality and income. It develops an analytical framework that integrates the effects of property rights evolution, natural resource attributes, agent characteristics, and production technology on the env...

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Vydáno v:Ecological economics Ročník 68; číslo 10; s. 2511 - 2524
Hlavní autoři: Bhattacharya, Haimanti, Lueck, Dean
Médium: Journal Article
Jazyk:angličtina
Vydáno: Elsevier B.V 01.08.2009
Elsevier
Edice:Ecological Economics
Témata:
Environment and income
Environment and income Property rights
Environmental economics
Environmental Kuznets curve
Environmental quality
Income
Natural resources
Production systems
Property rights
Regression analysis
Q56
Environment and income
P48
Property rights
ISSN:0921-8009, 1873-6106
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Shrnutí:This paper examines the role of property rights in shaping the relationship between environmental quality and income. It develops an analytical framework that integrates the effects of property rights evolution, natural resource attributes, agent characteristics, and production technology on the environment–income relationship. The substantive strength of this framework lies in its ability to rationalize a wide range of environment–income relationships. The model shows that the U-shaped environment–income relationship, which is consistent with the Environmental Kuznets Curve (EKC) hypothesis, can arise only under specific model conditions. Thus the framework provides an additional explanation for non-universality of EKC. We provide evidence in support of our framework from case studies of various natural resources.
Bibliografie:ObjectType-Article-2
SourceType-Scholarly Journals-1
ObjectType-Feature-1
content type line 23
ISSN:0921-8009
1873-6106
DOI:10.1016/j.ecolecon.2009.04.023