The economic impact of environmental regulation on the blue crab industry
Abstract
This paper estimates the impact of environmental regulations of 1994 imposed by the State of Maryland on the blue crab industry. For the analysis a model is developed, which includes three stochastic equations and five identities. After the estimation of the model the impact multipliers are calculated. The impact multipliers indicate that the overall impact of the environmental regulations on the industry is the loss of $44 million per year. This loss is shared by all the agents involved in the industry.
Keywords
Citation
Upadhyaya, K.P., Larson, J.B. and Mixon, F.G. (2002), "The economic impact of environmental regulation on the blue crab industry", International Journal of Social Economics, Vol. 29 No. 7, pp. 538-546. https://doi.org/10.1108/03068290210431560
Publisher
:MCB UP Ltd
Copyright © 2002, MCB UP Limited