TY - JOUR
T1 - The role of property rights in determining the environmental quality-income relationship
AU - Bhattacharya, Haimanti
AU - Lueck, Dean
N1 - Funding Information:
Research support was provided by the Cardon Endowment for Agricultural and Resource Economics at The University of Arizona. We received helpful comments from Rob Innes and participants in the 10th Occasional Workshop on Environmental and Resource Economics at the University of California—Santa Barbara.
PY - 2009/8/15
Y1 - 2009/8/15
N2 - 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.
AB - 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.
KW - Environment and income
KW - Property rights
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U2 - 10.1016/j.ecolecon.2009.04.023
DO - 10.1016/j.ecolecon.2009.04.023
M3 - Article
AN - SCOPUS:67649226738
VL - 68
SP - 2511
EP - 2524
JO - Ecological Economics
JF - Ecological Economics
SN - 0921-8009
IS - 10
ER -