TY  - RPRT
        AU  - Garg, Teevrat
AU  - Shenoy, Ajay
        TI  - The Ecological Impact of Place-Based Economic Policies
        PY  - 2020/Mar/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 13075
        UR  - https://www.iza.org/publications/dp13075
        AB  - 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.
        KW  - deforestation
KW  - place-based economic policies
KW  - agglomeration
        ER  -