The Robustness of Parametric Estimates of Pollution Abatement Costs on Manufacturing Plant Births Across U.S. States：（参数估计的鲁棒性污染治理成本制造工厂在美国出生）.pdfVIP

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The Robustness of Parametric Estimates of Pollution Abatement Costs on Manufacturing Plant Births Across U.S. States：（参数估计的鲁棒性污染治理成本制造工厂在美国出生）.pdf

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The Robustness of Parametric Estimates of Pollution Abatement Costs on Manufacturing Plant Births Across U.S. States：（参数估计的鲁棒性污染治理成本制造工厂在美国出生）

The Robustness of Parametric Estimates of Pollution Abatement Costs on Manufacturing Plant Births Across U.S. States Daniel L. Millimet∗ Southern Methodist University Jeﬀrey S. Racine McMaster University Abstract The impact of environmental stringency on capital ﬂows remains a hotly contested issue. More- over, existing parametric estimates using counts of new foreign-owned manufacturing plant births provide counter-intuitive results: pollution abatement costs are only found to have an impact in non-pollution-intensive sectors. Applying recently developed nonparametric count data methods, we re-visit this issue through the analysis of panel data across U.S. states from 1977 – 1994. While there are gains to the nonparametric approach, we continue to ﬁnd a modest deterrent eﬀect in non-pollution-intensive sectors only. JEL: C14, C52, F21, Q52, R12 Keywords: Foreign Direct Investment, Environmental Regulation, Nonparametric Econometrics, Count Data Models ∗The authors wish to thank Arik Levinson and Wolfgang Keller for generously providing the data. Racine would like to gratefully acknowledge support from Natural Sciences and Engineering Research Council of Canada (NSERC:www.nserc.ca), the Social Sciences and Humanities Research Council of Canada (SSHRC:www.sshrc.ca), and the Shared Hierarchical Academic Research Computing Network (SHARCNET:www.sharcnet.ca). Corresponding au- thor: Daniel Millimet, Department of Economics, Box 0496, Southern Methodist University, Dallas, TX 75275-0496. Tel: (214) 768-3269. Fax: (214) 768-1821. E-mail: millimet@.