Martin, Will J.; Ianchovichina, Elena; Dimaranan, Betina - 2012
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 …