This book offers original economic analyses on the
economy-environment relationship in Eastern and Central Europe.
Drawing on the Hungarian experience, it provides empirical evidence
on the reform of environmental policy which can be applicable to
similar problems in other transition economies.The macroeconomic
shocks of the transition process in Central and Eastern Europe have
been exceptional in both their intensity and speed. The
implications of this adjustment process are examined in relation to
their effects on environmental policy, with special emphasis on the
rethinking of standard environmental policy recommendations for
transition economies. The authors focus on a variety of issues
including the environmental concerns raised by the privatization
process and to what extent the less rigorous environmental
regulations in Hungary attract foreign direct investment. There is
also a critical overview of the existing literature and an
examination of the costs of reducing air pollution and the use of
the contingent valuation method to measure the economic benefits of
improving air quality in Hungary. In addition the authors assess
the effects of industrial restructuring on emissions and analyse
incentive-based policy measures including prospects for emission
trading. Their conclusions challenge the common perception that
energy pricing policy is the most important policy measure to
induce structural changes in transition economies that are
beneficial to the environment. Economics for Environmental Policy
in Transition Economies will be of interest to policymakers,
academics and postgraduates working in the fields of transition
economics, environmental economics and environmental valuation.
General
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