Replication data for: The Informational Role of Voluntary Certification: Evidence from the Mexican Clean Industry Program
Principal Investigator(s): View help for Principal Investigator(s) Andrew D. Foster; Emilio Gutierrez
Version: View help for Version V1
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Project Citation:
Foster, Andrew D., and Gutierrez, Emilio. Replication data for: The Informational Role of Voluntary Certification: Evidence from the Mexican Clean Industry Program. Nashville, TN: American Economic Association [publisher], 2013. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-11. https://doi.org/10.3886/E112624V1
Project Description
Summary:
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In the presence of imperfect information, voluntary certification can provide an important complement to mandatory inspections as a basis for environmental regulation in low income countries. Using data from Mexico's Clean Industry Program, we show that patterns of compliance and certification by sector are consistent with a model in which selection into the voluntary program permits more efficient targeting of regulator effort. As expected given the informational role played by certification in the model, we also find evidence, for a sample of publicly traded firms, of positive stock price deviations linked to the announcement of certification.
Scope of Project
JEL Classification:
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O13 Economic Development: Agriculture; Natural Resources; Energy; Environment; Other Primary Products
O14 Industrialization; Manufacturing and Service Industries; Choice of Technology
Q52 Pollution Control Adoption and Costs; Distributional Effects; Employment Effects
Q53 Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling
Q58 Environmental Economics: Government Policy
O13 Economic Development: Agriculture; Natural Resources; Energy; Environment; Other Primary Products
O14 Industrialization; Manufacturing and Service Industries; Choice of Technology
Q52 Pollution Control Adoption and Costs; Distributional Effects; Employment Effects
Q53 Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling
Q58 Environmental Economics: Government Policy
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