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evidence that trade has the detrimental effect on the environment that the race-to-the-bottom theory would lead one to expect … says that growth harms the environment at low levels of income and helps at high levels, and to support the proposition … that openness to trade accelerates the growth process …
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evidence that trade has the detrimental effect on the environment that the race-to-the-bottom theory would lead one to expect … says that growth harms the environment at low levels of income and helps at high levels, and to support the proposition … that openness to trade accelerates the growth process …
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We seek to contribute to the debate over globalization and the environment by asking: What is the effect of trade on a country's environment, for a given level of GDP? We take specific account of the endogeneity of trade, using exogenous geographic determinants of trade as instrumental...
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