By classifying international green and non-green trade for the period 1980–2015, this study investigates trends in green trade, exports, and imports as shares of total trade, exports, and imports, respectively. The general findings are that these green shares increased during the review...

Based on previous researches, this study proposes six hypotheses on why the equalization effect of democracy may not work. In addition, these six hypotheses are empirically analyzed on the data from 164 countries from 1990 to 2015. The main results of this study are as follows. First, democratic...