Public Expenditure Policy and the Environment: A Review and Synthesis

42 Pages Posted: 15 Feb 2006

See all articles by Kenneth Miranda

Kenneth Miranda

affiliation not provided to SSRN

Ian W. H. Parry

Resources for the Future

Date Written: March 1993

Abstract

Commonly cited environmental instruments in the legal, regulatory, and fiscal domains are intended primarily to address market failures to ensure that environmental degradation and resource use is contained to appropriate levels. However, in many instances, environmental degradation is rooted not in market failure, but rather in policy failure. This paper identifies areas of public expenditure policy that interact with the environment. It argues that a reform of certain types of subsidies, increased operations and maintenance expenditures, and a thorough environmental assessment of capital projects will tend to benefit the environment, thereby moving an economy towards `sustainable` development.

JEL Classification: Q28, Q38

Suggested Citation

Miranda, Kenneth and Parry, Ian W. H., Public Expenditure Policy and the Environment: A Review and Synthesis (March 1993). IMF Working Paper No. 93/27, Available at SSRN: https://ssrn.com/abstract=883462

Kenneth Miranda

affiliation not provided to SSRN

No Address Available

Ian W. H. Parry

Resources for the Future ( email )

1616 P Street, NW
Washington, DC 20036
United States
202-328-5151 (Phone)
202-939-3460 (Fax)

HOME PAGE: http://www.rff.org/~parry

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