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...
انظر المزيد
تفاصيل
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2024/3/08
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ورقة عمل خاصة ببحوث السياسات
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WPS10719
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1
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2024/3/08
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Disclosed
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Environmental Policy under Weak Institutions