Author

Caffera, Marcelo

Editor

Cambridge University Press

Date

2011

Extensión

pp. 247-273

Abstract

I review the few programs implemented in Latin America to control pollution with direct economic instruments and draw general lessons for the future implementation of these instruments in the region. The available evidence suggests that a combination of low capacities and political economy issues negatively affected the implementation of these programs. As a result, the capacity of the economic instruments to induce emission reductions cost effectively and their future political viability in these countries in the short- or medium-run may have been compromised. This present state of affairs provides more evidence in favor of the policy recommendation that Latin American countries should build local capacities before implementing direct economic instruments, than in favor of the alternative that these countries should adapt direct economic instruments to their institutional and political characteristics.

Keyword

Control pollution Economic instruments

Tipo

Artículo

Derechos

Abierto

Versión

Aceptada

En

Environment and Development Economics, vol. 16, n°3, 247-273

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