Financial Frictions and Policy Uncertainty Matter for Pollution Abatement Investment
Due to market and regulatory failures, production activities often result in excessive pollution, which can cause damage to human health, property, and nature. According to the 2005 Survey of Pollution Abatement Costs and Expenditures, the US manufacturing sector invested $26.6 billion in pollution abatement activities. However, this amount is less than 1% of other investments,… Read More »
