Does Pollution Prevention Reduce Toxic Releases? A Dynamic Panel Data Model

We investigate the effectiveness of voluntary pollution prevention activities in reducing toxic releases from facilities that reported to the U.S. Environmental Protection Agency's Toxics Release Inventory from 1991–2001, using generalized method of moments dynamic panel data models that recogn...

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Bibliographic Details
Published in:Land economics 2014-05, Vol.90 (2), p.199-221
Main Authors: Harrington, Donna Ramirez, Deltas, George, Khanna, Madhu
Format: Article
Language:English
Subjects:
Chemical hazards
Dissipation
Dynamics
Economic models
Economics
Effectiveness studies
Emissions
Emissions regulations
Environmental agencies
Environmental policy
Environmental pollution
Environmental protection
Environmental regulation
Estimation
Generalized method of moments
Hazardous materials
Inventory
Leases
Panel data
Panels
Pollution
Pollution abatement
Pollution control
Prevention
Stockpiling
Toxic
Toxicity
Toxicology
U.S.A
United States Environmental protection agency
Variable coefficients
Water pollution
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Summary:We investigate the effectiveness of voluntary pollution prevention activities in reducing toxic releases from facilities that reported to the U.S. Environmental Protection Agency's Toxics Release Inventory from 1991–2001, using generalized method of moments dynamic panel data models that recognize the potential endogeneity of the pollution prevention adoption decision on toxic releases. We find that pollution prevention adoption had a negative impact on toxic releases. The estimated coefficients suggest that the effect of pollution prevention adoption is substantial, but short-lived, dissipating within 4 to 5 years. However, a continual adoption of pollution prevention techniques leads to lower steady-state releases, with estimated reductions between 35% and 50%.
ISSN:0023-7639
1543-8325
DOI:10.3368/le.90.2.199