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International Trade and the Environment : Three Remaining Empirical Challenges
Cherniwchan, Jevan M.; Taylor, Michael Scott - National Bureau of Economic Research - 2022
Considerable progress has been made in our understanding of the relationship between international trade and the environment since Gene Grossman and Alan Krueger published their now seminal working paper examining the potential environmental effects of the North American Free Trade Agreement in...
Persistent link: https://www.econbiz.de/10013210048
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Institutions, Comparative Advantage, and the Environment
Shapiro, Joseph S. - National Bureau of Economic Research - 2023
indicates that strengthening a country's institutions decreases its pollution through relocating dirty industries abroad, though … increases pollution in other countries. Fifth, cross-country differences in the composition of output between clean and dirty … countries have relatively high pollution levels …
Persistent link: https://www.econbiz.de/10014421193
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Output and Attribute-Based Carbon Regulation Under Uncertainty
Kellogg, Ryan - 2019
Output-based carbon regulations--such as fuel economy standards and the rate-based standards in the Clean Power Plan--create well-known incentives to inefficiently increase output. Similar distortions are created by attribute-based regulations. This paper demonstrates that, despite these...
Persistent link: https://www.econbiz.de/10012480118
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Polluting Public Funds : The Effect of Environmental Regulation on Municipal Bonds
Jha, Akshaya - 2020
noncompliant counties. Third, yields are substantially higher for bonds from counties just above the pollution threshold relative …
Persistent link: https://www.econbiz.de/10012482429
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Trade Liberalization and Pollution Havens
Ederington, Josh - 2004
a substantial reduction in U.S. pollution from 1978-94 due entirely to a shift in the composition of U.S. manufacturing ….S. manufacturing, has also occurred among U.S. imports. Second, we find no evidence that pollution-intensive industries have been …
Persistent link: https://www.econbiz.de/10012468108
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Global Pricing of Carbon-Transition Risk
Bolton, Patrick; Kacperczyk, Marcin - National Bureau of Economic Research - 2021
Companies are exposed to carbon-transition risk as the global economy transitions away from fossil fuels to renewable energy. We estimate the market-based premium associated with this transition risk at the firm level in a cross-section of over 14,400 firms in 77 countries. We find a widespread...
Persistent link: https://www.econbiz.de/10012482725
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Contingent Trade Agreements
Harstad, Bård - National Bureau of Economic Research - 2024
There are often conflicts between proponents of trade and environmental activists. This paper shows, however, how trade agreements can be designed so as to motivate environmental conservation. I first analyze a standard trade model, where resource exploitation (e.g., deforestation) is a...
Persistent link: https://www.econbiz.de/10014544671
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Trade, Leakage, and the Design of a Carbon Tax
Weisbach, David A.; Kortum, Samuel; Wang, Michael Y.; … - National Bureau of Economic Research - 2022
region of the world imposes a climate policy and the rest of the world is passive. We solve the model analytically and also …
Persistent link: https://www.econbiz.de/10013334461
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Carbon Border Adjustments, Climate Clubs, and Subsidy Races When Climate Policies Vary
Clausing, Kimberly A.; Wolfram, Catherine D. - National Bureau of Economic Research - 2023
Jurisdictions adopt heterogeneous climate policies that vary both in terms of ambition and in terms of policy approach, with some jurisdictions pricing carbon and others subsidizing clean production. We distinguish two types of policy spillovers associated with diverse policy approaches to...
Persistent link: https://www.econbiz.de/10014322698
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Think Globally, Act Globally : Opportunities to Mitigate Greenhouse Gas Emissions in Low- and Middle-Income Countries
Glennerster, Rachel; Jayachandran, Seema - National Bureau of Economic Research - 2023
Reductions in greenhouse gas emissions are a global public good, which makes it efficient to act globally when addressing this challenge. We lay out several reasons that high-income countries seeking to mitigate climate change might have greater impact if they invest their resources in...
Persistent link: https://www.econbiz.de/10014322808