Environmental Quality and Inflation

The United States 1972 'Pure Water' legislation (PL-92-500) requires a national effluent standard such that major industries must apply the "Best Available Treatment" to central waste discharges by 1978, and must reduce their waste discharges to zero by 1983. To meet these standards, industries will require increased capital investments and increased operations and maintenance costs for central equipment for pollution. Since these costs are not distributed evenly among all industries, they will have a differential impact on a regional economy. Furthermore, since technological coefficients in the short-run remain fixed, increased costs attributable to improved environmental quality legislation will affect the consumer in the form of inflated prices. A new approach to the tracing through of these inflationary trends in a regional input-output economy is specified, and applied to the regional economy of Corpus Christi, Texas. Results suggest that if environmental policies, even strict ones, are applied on a regional basis, their inflationary impacts are relatively small

Business · Economics · Geography · Legislation · Natural resource economics · Economic and Environmental Valuation · Energy, Environment, Economic Growth · Fiscal Policy and Economic Growth · Pollution

• Regional Econometric Models for Environmental Impact Assessment

  Open Access•Barry D Solomon•Progress in Human Geography•1985

  Incluir item

• Environmental Repercussions and the Economic Structure

  Wassily Leontief•The Review of Economics and…•1970

  Incluir item

• Interindustry Economics

  James M Henderson, Hollis B Chenery et al.•The Review of Economics and…•1960

  Incluir item

• An Intersectoral Flows Analysis of the California Economy

  W Lee Hansen, Charles M Tiebout•The Review of Economics and…•1963

  Incluir item

• The Elements of Input-Output Analysis

  W H Miernyk•Economica•1966

  Incluir item