Environmental regulation and profitability: An application to Swedish pulp and paper mills |
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Authors: | Runar Brännlund Rolf Färe Shawna Grosskopf |
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Affiliation: | (1) Department of Economics, University of Umeå, S-901 87 Umeå, Sweden;(2) Department of Economics, Southern Illinois University at Carbondale, 62901-4515 Carbondale, IL, USA |
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Abstract: | In this paper we analyze the impact on firm profits of the environmental regulations in the Swedish pulp and paper industry. The approach taken is a non-parametric programming model of the technology. A feature of this industry is that environmental regulations are determined individually for each mill. A question, then, is if these individual regulations have a similar impact on firm profits. The approach in this paper allows us to calculate both the regulated and unregulated profits, which means that the severity of the regulations, in terms of foregone profits, can be calculated for each mill. The empirical result shows that the impact on the mills varies substantially, and that the burden from the regulations is less severe in 1990 than in 1989. |
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Keywords: | Environmental regulation pulp and paper profit |
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