Abstract
In this paper we are concerned with the contribution of econometrics to environmental policy. The contribution of econometrics to public policy lies in the fact that it provides decision-makers with the possibility of conducting experiments before taking political measures. Of course, during the phase of model-building and testing of hypotheses much insight is gained into the mechanisms of the economic system, but the ultimate purpose of econometrics is simulation.
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References
Cumberland, J. H., and R. J. Korbach (1973), ‘A regional inter-industry environmental model’, Regional Science Association Papers, 30, 1973, pp. 61–75.
HMSO (1971), Report of Commission on the Third London Airport ( HMSO, London, 1971 ).
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© 1978 International Economic Association
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Thoss, R., Wiik, K. (1978). Optimal Allocation of Economic Activities under Environmental Constraints in the Frankfurt Metropolitan Area. In: Stone, R., Peterson, W. (eds) Econometric Contributions to Public Policy. International Economic Association Series. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-16003-7_16
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DOI: https://doi.org/10.1007/978-1-349-16003-7_16
Publisher Name: Palgrave Macmillan, London
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