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Trade Openness and Growth : A Network-Based Approach
Duernecker, Georg; Meyer, Moritz; Vega-Redondo, Fernando - 2021
In this paper, we propose a novel approach to the study of international trade that leads to a measure of country openness that is quite different from the various alternatives proposed by the received literature. In contrast to these, our measure does not use indicators of aggregate trade...
Persistent link: https://www.econbiz.de/10013211116
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Putting Canada in the Penalty Box : Trade and Welfare Effects of Eliminating NAFTA
Baier, Scott L. - 2019
threat President Trump has made if the proposed United States-Mexico-Canada Agreement is not passed by the U.S. Congress. We … the biggest loser; Canada is the biggest loser. Canada's welfare (per capita income) loss of 2.11 percent is nearly two …
Persistent link: https://www.econbiz.de/10012866366
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Co2 Emissions and GDP : Evidence from China
Caporale, Guglielmo Maria - 2019
This paper examines the relationship between the logarithms of CO2 emissions and real GDP in China by applying fractional integration and cointegration methods. The univariate results indicate that the two series are highly persistent, their orders of integration being around 2, whilst the...
Persistent link: https://www.econbiz.de/10012860770
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Climate Damages in Convergence-Consistent Growth Projections
Harding, Anthony; Moreno-Cruz, Juan; Quaas, Martin F.; … - 2023
Projections of climate change damages based on climate-econometric estimates suggest that, without mitigation, global warming could reduce average global incomes by over 20% towards the end of the century (Burke et al., 2015). This figure significantly surpasses climate damages in Integrated...
Persistent link: https://www.econbiz.de/10014347833
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Economic Growth and Pollutant Emissions : New Panel Evidence from the Union for the Mediterranean Countries
Ben Abdeljelil, Mouna; Rault, Christophe; Belaïd, Fateh - 2023
This paper investigates the existence of an environmental Kuznets curve (EKC) and its robustness for 28 countries of the Union for the Mediterranean (UfM) over the recent period. Our methodology relies on four recent estimation methods for non-stationary panel data and includes four pollutants...
Persistent link: https://www.econbiz.de/10014262471
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Growth Gains from Trade
Marjit, Sugata - 2019
This paper revisits the relationship between international trade and economic growth. We measure trade openness indices separately with respect to intermediate inputs and final goods and find that it is the former which turns out to be significant in explaining growth gains from trade. Using...
Persistent link: https://www.econbiz.de/10012860295
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The Short-Run and Long-Run Effects of Trade Openness on Financial Development : Some Panel Evidence for Europe
Caporale, Guglielmo Maria; Sova, Anamaria; Sova, Robert - 2021
This paper analyses the short- and long-run effects of trade openness on financial development in a panel including data on 35 European countries over the period 2001-2019. For this purpose, it uses the PMG (pooled mean group) estimator for dynamic panels developed by Pesaran et al. (1999). The...
Persistent link: https://www.econbiz.de/10013227601
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Pricing Pollution
Mideksa, Torben K. - 2020
its intensity (i.e., the tax rate or the quota level) to price pollution. When countries price pollution non …
Persistent link: https://www.econbiz.de/10012834363
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Reversible Environmental Catastrophes with Disconnected Generations
Heijdra, Ben J. - 2019
We study environmental policy in an economy-ecology model featuring multiple deterministic stable steady-state ecological equilibria. The economy-ecology does not settle in either of the deterministic steady states as the environmental system is hit by random shocks. Individual live for two...
Persistent link: https://www.econbiz.de/10012892273
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City Size, Pollution and Emission Policies
Pflüger, Michael - 2020
modelling of pollution and pollution abatement. We derive two key insights. First, if the national government implements a … permit system (equivalently, pollution taxes) that allow for emissions as in the first-best, cities chosen by local …-best emission policy and extensions to city asymmetries, a fiscal externality, local pollution, generalized commuting costs and …
Persistent link: https://www.econbiz.de/10012827112