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The impacts of faster growth in China and India for Europe are analysed taking into account terms-of-trade effects … Europe's terms of trade, but second-best effects on energy markets could lower welfare unless these taxes are Pigovian … involving higher energy and agricultural prices. When quality and variety growth are taken into account, the benefits to Europe …
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The impacts of faster growth in China and India for Europe are analysed taking into account terms-of-trade effects … Europe's terms of trade, but second-best effects on energy markets could lower welfare unless these taxes are Pigovian … involving higher energy and agricultural prices. When quality and variety growth are taken into account, the benefits to Europe …
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