This paper critically assesses the literature on the relationship between economic integration and the environment. In particular, we investigate how trade liberalisation and capital market integration affect environmental policy and thus environmental quality. Conversely, we also study how...

Introduction / G(c)ơnther G. Schulze and Heinrich W. Ursprung -- International trade, investment, and the environment: theoretical issues / G(c)ơnther G. Schulze and Heinrich W. Ursprung -- the empirical evidence on trade, investment, and the environment / G(c)ơnther G. Schulze and Heinrich...

The paper addresses the question whether voters would favor a restriction on capital exports to the East, and if so, to what extent. In a two country framework, it is shown that an unrestricted capital outflow is not optimal, in the traditional sense of a social welfare maximizing benevolent...