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Trade and the Environment Theory and Evidence

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ISBN-10: 0691124000

ISBN-13: 9780691124001

Edition: 2003

Authors: Brian R. Copeland, M. Scott Taylor

List price: $45.00
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Nowhere has the divide between advocates and critics of globalization been more striking than in debates over free trade and the environment. And yet the literature on the subject is high on rhetoric and low on results. This book is the first to systematically investigate the subject using both economic theory and empirical analysis. Brian Copeland and Scott Taylor establish a powerful theoretical framework for examining the impact of international trade on local pollution levels, and use it to offer a uniquely integrated treatment of the links between economic growth, liberalized trade, and the environment. The results will surprise many. The authors set out the two leading theories…    
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Book details

List price: $45.00
Copyright year: 2003
Publisher: Princeton University Press
Publication date: 8/7/2005
Binding: Paperback
Pages: 304
Size: 6.14" wide x 9.17" long x 0.65" tall
Weight: 0.924
Language: English

Brian R. Copeland and M. Scott Taylor have coauthored numerous articles on trade and the environment in a variety of prominent journals. Copeland is Professor of Economics at the University of British Columbia. Taylor is Canada Research Chair in International, Energy, and Environmental Economics at the University of Calgary and a Research Associate at the National Bureau of Economic Research.

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