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Preface | |
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The Trade and Environment Debate | |
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Globalization and the Trade versus Environment Debate | |
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Two Questions and a Preview of Our Answers | |
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Our Method of Analysis | |
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Plan of the Book | |
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Pollution in a Small Open Economy | |
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Technology | |
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Equilibrium along the Net and Potential Production Frontiers | |
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Scale, Composition, and Technique Effects | |
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Endogenous Pollution Policy | |
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Conclusion | |
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Is There an Environmental Kuznets Curve? | |
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Equilibrium Pollution and the Environmental Kuznets Curve | |
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Sources of Growth | |
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Income Effects | |
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Threshold Effects | |
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Increasing Returns to Abatement | |
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Conclusion | |
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Trade Liberalization and Environmental Quality | |
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Trade Frictions | |
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Trade Liberalization with Rigid Pollution Policy | |
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Trade Liberalization with Flexible Pollution Policy | |
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The Political Economy Motive | |
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Conclusion | |
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Pollution Haven Models of International Trade | |
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Exogenous Policy Differences: Rigid Emission Intensities | |
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Exogenous Policy Differences: Marketable Permit Systems | |
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Endogenous Pollution Havens | |
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Global Pollution and the World Composition Effect | |
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Environmentally Friendly Pollution Havens | |
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Northern and Southern Institutional Differences | |
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Conclusion | |
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Factor Endowments, Policy Differences, and Pollution | |
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Exogenous Policy: The Role of Factor Endowments | |
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Endogenous Policy: Factor Endowments and Comparative Advantage | |
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Correlated Characteristics: Being Rich and Capital Abundant | |
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An Illustrative Example | |
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Conclusion | |
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Is Free Trade Good for the Environment? An Empirical Assessment | |
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Three Questions That Deserve an Answer | |
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The Pollution Data | |
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Deriving the Reduced Form | |
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From Theory to Estimation | |
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Empirical Results | |
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Alternative Specifications and Theories | |
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Conclusion | |
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Summary and Conclusions | |
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Flexible Pollution Policy | |
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Growth Is Not Trade | |
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The Pollution Haven and Factor Endowments Hypotheses | |
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Directions for Future Research | |
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References | |
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Index | |