economies, are false or need serious amendment in a world with international trade in goods. Since the three results we … highlight have framed much of the ongoing discussion and research on the Kyoto protocol our viewpoint from trade theory suggests … a re-examination may be in order. Specifically, we demonstrate that in an open trading world, but not in a closed …

heat reduces non-agricultural productivity, but less so than in agriculture, implying that hot countries could adapt to … perversely pulls labor into agriculture where its productivity suffers most and reallocation exacerbates the global decline in …