%0 Report
        %A Garg, Teevrat
%A Shenoy, Ajay
        %T The Ecological Impact of Place-Based Economic Policies
        %D 2020
        %8 2020 Mar
        %I Institute of Labor Economics (IZA)
        %C Bonn
        %7 IZA Discussion Paper
        %N 13075
        %U https://www.iza.org/publications/dp13075
        %X 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.
        %K deforestation
%K place-based economic policies
%K agglomeration