with a 0.36% decline in local residential property value. Transboundary pollution has significant effects on Korea’s local … PM2.5 levels, showing an elasticity of 0.05—a unit % increase in PM2.5 levels in China’s major cities exacerbates Korea …’s PM pollution by 0.05%, accounting for a comparable share of the PM-caused negative housing premium. Compared to the …

This paper adds to the literature on transboundary pollution by considering pollution related to both production and … transboundary pollution to analyze the effects of trade liberalization on economic performance under two types of pollution. Our … pollution is considered. When trade liberalization policy is mutually implemented, consumer surplus and social environmental …