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Source cole rayner and bates 1997 ntroducing 3 2013

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Unformatted text preview: ates (transport) N ot e: Th e val ues in 20 01 U .S. d ol l ars are ap pr ox i m ate. Source: Cole, Rayner, and Bates (1997). ntroducing 3, 2013 ty Rights and the Rule of Law Tuesday, December Pr oper Figure 3 I ncome-Environment Relationship under D ifferent Poli cy and Institutional Scenari os Property Rights and EKC Source: Panayotou (1997). •Take legal action against polluters •Invest in natural resource managemen / protection The results that show a strong relationship between property rights enforcement and environmental quality are consistent with findings by Norton (2002) that document a related linkage between property rights and income. Norton’s survey of literature and his own work show that strong property rights institutions support markets, which expand incomes and wealth. This means that there are two major forces at play in a process that yields environmental Tuesday, December 3, 2013 Sulfur Dioxide across a basket of countries red=weak property rights institutions green=strong property rights institutions http://tierneylab.blogs.nytimes.com/2009/04/20/the-richer-is-greener-curve/ Tuesday, December 3, 2013 Costs of Environmental Regulation Pollution Haven Hypothes...
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