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Chapter 27 International Trade, Foreign Investment, and the Environment
Rauscher, Michael - In: Handbook of environmental economics : volume 3, …, (pp. 1403-1456). 2005
The 1990s produced a large literature on foreign trade and the environment, including both theoretical and empirical contributions. The paper surveys this literature. It starts by looking at the traditional Heckscher–Ohlin type models of international trade and then moves to noncompetitive...
Persistent link: https://www.econbiz.de/10014023905
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Domestic versus International Emissions Trading with Capital Mobility
Cheng, Haitao - 2023
We employ the footloose capital model to examine and compare how two countries decide on their emission permits non-cooperatively under domestic and international emissions trading in the presence of capital mobility. We find that even if two countries are symmetric and have the same carbon...
Persistent link: https://www.econbiz.de/10014356354
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Endowment and Inequality
Shaviro, Daniel - 2009
inequality that may be relevant to distributive justice under a variety of normative views. This paper examines a more … fundamental inequality measure that we might call "endowment," "ability," or "wage rate," and explores its relevance to …
Persistent link: https://www.econbiz.de/10014183710
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The social cost of carbon and inequality : when local redistribution shapes global carbon prices
Kornek, Ulrike; Klenert, David; Edenhofer, Ottmar; … - 2019
metric for optimal carbon prices. Previous literature shows that inequality significantly influences the level of the social … cost of carbon, but mostly neglects a major source of inequality - heterogeneity in income below the national level. We … inequality between and within countries. In particular, we demonstrate that climate and distributional policy cannot be separated …
Persistent link: https://www.econbiz.de/10012002880
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Unintended Consequences : How U.S. Tax Law Encourages Investment in Offshore Tax Havens
Miller, David S. - 2011
The Internal Revenue Code is riddled with features that allow U.S. taxpayers to reduce their federal tax liability by operating through tax haven companies. Some of these provisions are historic anomalies. Others are better understood as inadvertent loopholes than considered legislative grace....
Persistent link: https://www.econbiz.de/10014190764
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The Social Cost of Carbon and Inequality : When Local Redistribution Shapes Global Carbon Prices
Kornek, Ulrike - 2019
metric for optimal carbon prices. Previous literature shows that inequality significantly influences the level of the social … cost of carbon, but mostly neglects a major source of inequality - heterogeneity in income below the national level. We … inequality between and within countries. In particular, we demonstrate that climate and distributional policy cannot be separated …
Persistent link: https://www.econbiz.de/10012870643
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Uncertainty in Integrated Assessment Modelling : Can Global Sensitivity Analysis Be of Help?
Anderson, Barry; Borgonovo, Emanuele; Galeotti, Marzio; … - 2012
The complexity of integrated assessment models (IAMs) prevents the direct appreciation of the impact of uncertainty on the model predictions. However, for a full understanding and corroboration of model results, analysts might be willing, and ought to identify the model inputs that influence the...
Persistent link: https://www.econbiz.de/10014166039
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Climate Policy Enhances Efficiency : A Macroeconomic Portfolio Effect
Siegmeier, Jan - 2015
Carbon pricing regulates emission flows and collects rents from underlying fossil resource stocks. The resulting investment shift implies lower climate policy costs and improved welfare if capital is underaccumulated. We prove that under emission trading, such a beneficial macroeconomic...
Persistent link: https://www.econbiz.de/10013029498
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Principles for pareto efficient border carbon adjustment
Keen, Michael; Kotsogiannēs, Chrēstos - 2024
Border Carbon Adjustment Mechanisms (BCAMs) are becoming reality in the EU and elsewhere, and recur—in very different form—in U.S. legislative proposals. But they remain contentious, with features and differences that leave the underlying welfare rationale and implications unclear. Exploring...
Persistent link: https://www.econbiz.de/10014502504
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Environmental Policy in an Integrated World Economy
Schulze, Gunther G.; Ursprung, Heinrich W. - 1998
This paper critically assesses the literature on the relationship between economic integration and the environment. In particular, we investigate how trade liberalization and capital market integration affect environmental policy and thus environmental quality. Conversely, we also study how...
Persistent link: https://www.econbiz.de/10014213946