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Environmental Economics, Law and Policy: Brazil vis-a-vis India (Part I: Theoretical Modelling)

Author

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  • Das, Rituparna
  • Das, Mononita

Abstract

Amidst the perils of industrialization in the forms of environmental impacts of mining and use of energy and destruction of urban biodiversity, it became imperative for the Latin American countries to design environmental policies in accordance with the respective historicity, demography, and polity of each nation. But in resolving a tussle between eco-environmental maintenance and vigorous industrialization while trying to find a choice between eco-friendly environment or prosperous economic growth, the Indian judiciary accepted that neither the eco-environment alone nor the industrial and economic growth by itself will meet the human needs in the global competition. It is necessary for the policy makers in framing any environmental policy or for legislators in enacting any environmental law to have an appropriate frame of environmental impact assessment. In this context, this study sheds light on the fusion of legal and economic elements with regard to deforestation in Brazil and water pollution in India. Part I of this study is theoretical modeling and Part II is estimation of the models. This paper is Part I.

Suggested Citation

  • Das, Rituparna & Das, Mononita, 2014. "Environmental Economics, Law and Policy: Brazil vis-a-vis India (Part I: Theoretical Modelling)," MPRA Paper 64671, University Library of Munich, Germany, revised 10 Mar 2015.
    • Handle: RePEc:pra:mprapa:64671
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    References listed on IDEAS

    as
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    3. D K Srivastava & C Bhujanga Rao, 2010. "Reforming Indirect Taxes in India : Role of Environmental Taxes," Microeconomics Working Papers 23063, East Asian Bureau of Economic Research.
    4. Eswaran, Mukesh & Lewis, Tracy R & Heaps, Terry, 1983. "On the Nonexistence of Market Equilibria in Exhaustible Resource Markets with Decreasing Costs," Journal of Political Economy, University of Chicago Press, vol. 91(1), pages 154-167, February.
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    More about this item

    Keywords

    Externality; Pigovian Tax; Subsidy; Deforestation; Water Pollution; Social Cost;
    All these keywords.

    JEL classification:

    • K32 - Law and Economics - - Other Substantive Areas of Law - - - Energy, Environmental, Health, and Safety Law

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