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A Theoretical Framework for Understanding Transnational Public Goods (TPGs) to Upgrade Environmental Quality

Author

Listed:
  • Parag Chandra

    (Krishnagar Government College)

  • Saptorshee Kanto Chakraborty

    (Università Delgi Studi Di Ferrara)

Abstract

In recent years, there has been an increase in awareness of trans-boundary pollution that places environmental assets at risk both globally and regionally. Globally, manmade pollutants have degraded the stratospheric ozone shield, the oceans, the atmosphere and the biodiversity of the planet. Regionally, these pollutants have harmed aquifers, rivers, lakes, soils and forests. Harmful effects of acid rains, greenhouse gasses, and thin ozone shield are not concentrated within political boundaries of a country, thus jeopardizing the well-being of people in other countries. These trans-boundary pollution problems—termed as Transnational Public Goods (TPGs)—often share two common features: strategic interactions among nations and public good properties. This paper applies the theory of voluntary provisions of TPGs to the behavior of nations to curb chloro-fluoro-carbon emissions that, in large part, preceded the ratification and institution of the Montreal Protocol on substances that deplete the ozone layer.

Suggested Citation

  • Parag Chandra & Saptorshee Kanto Chakraborty, 2017. "A Theoretical Framework for Understanding Transnational Public Goods (TPGs) to Upgrade Environmental Quality," Journal of Quantitative Economics, Springer;The Indian Econometric Society (TIES), vol. 15(2), pages 227-240, June.
    • Handle: RePEc:spr:jqecon:v:15:y:2017:i:2:d:10.1007_s40953-016-0052-5
    DOI: 10.1007/s40953-016-0052-5
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    References listed on IDEAS

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    More about this item

    Keywords

    Transnational Public Goods (TPGs); Freeriding; Best-shot public goods; Weakest-link public goods; Montreal Protocol;
    All these keywords.

    JEL classification:

    • Q00 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - General
    • Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

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