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We build and estimate a structural dynamic general equilibrium model of growth and trade. Trade affects growth through changes in consumer and producer prices that in turn stimulate or impede physical capital accumulation. At the same time, growth affects trade, directly through changes in...
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reduce world carbon emissions. We analyze the effects of carbon tariffs on trade, welfare and carbon emissions in a multi … countries. Most remarkably, world carbon emissions increase by 0.49 percent in the investigated counterfactual scenario, with a …
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since the Uruguay Round (1986 to 1994). It would create a free trade zone covering 45% of world GDP. However, critics … gains for Germany (+3.5%), Europe (3.9%), and the world (+1.6%), but that it could also harm third countries. …
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Ten years after the initial Climate Change Convention from Rio in 1992, the developed world is likely to ratify the …
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