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This paper investigates the effect of shadow price regarding weak sustainability indicators based on the genuine savings indicator. We analyse the forest resources considering positive externalities of natural capital, as the approximation from market rent alone would under-estimate the true...
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The literature on trade openness, economic development, and the environment is largely inconclusive about the … show that whether or not trade has a beneficial effect on the environment varies depending on the pollutant and the country …. Trade is found to benefit the environment in OECD countries. It has detrimental effects, however, on sulfur dioxide (SO2 …
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This study explores the effect of trade openness on deforestation. Previous studies do not find a clear effect of trade openness on deforestation. We use updated data on the annual rate of deforestation for 142 countries from 1990 to 2003, treat trade and income as endogenous, and take into...
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