Showing 1 - 10 of 219
In general, a reduction in trade barriers will affect the environment by expanding the scale of economic activity, by …. We investigate whether the size of pollution abatement costs in US industry influences the pattern of international trade … effect of a North American Free Trade Agreement (NAFTA) on pollution in Mexico. …
Persistent link: https://www.econbiz.de/10005791657
water quality. Pollution may rise with growth, because an increased scale of economic activity means more emissions, ceteris … pollution there is no evidence at all that a turning point has yet been reached. The paper goes on to discuss the economic …
Persistent link: https://www.econbiz.de/10005498085
The current Paper addresses the relationship between trade and endogenous pollution levels. The main focus is quite … different from the previous literature. The mechanism linking pollution and trade is that trade provides the home government … that sense, the existence of trade helps reduce domestic pollution compared to what would prevail in a situation of autarky …
Persistent link: https://www.econbiz.de/10005791231
This Paper presents a survey of the literature on trade liberalization and globalization. The questions are why trade liberalization occurred, why trade liberalization took the form of reciprocity combined with multilateralism, why the liberalization allows for protectionist policies, and why...
Persistent link: https://www.econbiz.de/10005067625
Widespread concern has been expressed that the costs of reducing environmental pollution in Eastern Europe will divert …
Persistent link: https://www.econbiz.de/10005281413
China’s policy-makers argued that WTO accession and the accompanying trade liberalization would have a beneficial … impact on the domestic economy. China’s import tariffs differed tremendously across industry in the earlier years, but …
Persistent link: https://www.econbiz.de/10011084425
The great majority of international contracts provide for arbitration in the event of dispute. Legal scholars argue that international arbitration is causing the development of a legal doctrine attuned to the needs of business and independent of national laws. This paper studies international...
Persistent link: https://www.econbiz.de/10005504547
We re-examine the time-series relation between the conditional mean and variance of stock market returns. To proxy for the conditional mean return, we use the implied cost of capital, computed using analyst forecasts. The usefulness of this proxy is shown in simulations. In empirical analysis,...
Persistent link: https://www.econbiz.de/10005667005
We develop a multi-country Dixit-Stiglitz model to investigate the impacts of: (i) changes in the international distribution of consumers' expenditure; (ii) decreasing tariffs; and (iii) improvements in transportation infrastructure. We show that, in general, decreasing tariff barriers do not...
Persistent link: https://www.econbiz.de/10005123913
We distill the main insights from recent trade models on firms' responses to globalisation. Our primary aim is to assess the economic impact and the welfare implications of the resulting reallocation of resources across firms and countries. In so doing, we bring theory into life through the...
Persistent link: https://www.econbiz.de/10005136703