THE IMPACT OF FOREIGN OWNERSHIP AND EFFICIENCY ON POLLUTION ABATEMENT EXPENDITURE BY CHEMICAL PLANTS: SOME UK EVIDENCE

This paper examines the impact of foreign ownership and efficiency on chemical plants' pollution abatement expenditure. The model estimates presented reveal not only which factors are the key determinants of whether any abatement expenditure occurs but also explain how much was spent on the principal categories of pollution control. These chemical plant results present a conspicuous contrast with earlier results based on other industrial sectors. This would suggest that the efficiency–pollution spending relationship is also characterised by industry specific effects.