Climate and international trade policies when emissions affect production possibilities

• Autores: Christos Kotsogiannis, Alan Woodland
• Localización: Journal of Environmental Economics and Management, ISSN-e 1096-0449, Vol. 66, Nº. 2, 2013, págs. 166-184
• Idioma: inglés
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• Resumen

  • In this paper, we develop a model of international trade and climate change in which emission discharges arising from production have a feedback effect on national production sectors by impacting upon effective factor endowments. With this context, the objectives are, first, to provide a general characterization of Pareto-efficient climate and trade policies and, second, to examine the possibility � starting from non-Pareto-efficient equilibria � for Pareto-improving environmental policies. We provide conditions under which several particular reforms of carbon taxes are welfare improving.