@TechReport{iza:izadps:dp13075,
            	author={Garg, Teevrat and Shenoy, Ajay},
            	title={The Ecological Impact of Place-Based Economic Policies},
            	year={2020},
	month={Mar},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={13075},
            	url={https://www.iza.org/publications/dp13075},
	abstract={Does economic development have an unavoidable ecological cost? We examine the ecological impacts of one of India's signature place-based economic policies involving massive tax benefits for new industrial and infrastructure development following the creation of the new state of Uttarakhand. The policy, which had an explicit pro-environment mandate, resulted in no meaningful change in local forest cover. Our results suggest that even in settings with low levels of enforcement, place-based economic policies with pro-environment mandates can achieve sizeable economic expansion without major ecological costs.},
	keywords={deforestation;place-based economic policies;agglomeration},
            }