Trade and the Environment Theory and Evidence

• Main Authors: Copeland, Brian R, Taylor, M. Scott
• Format: eBook Publication
• Language: English
• Published: Princeton, NJ Princeton University Press 2013
• Edition: STU - Student edition
• Series: Princeton Series in International Economics
• Subjects: 1971-1986; Algorithmic trading; BUSINESS & ECONOMICS; BUSINESS & ECONOMICS / Economics / General; Commerce international; Comparative advantage; Cost curve; Cost-effectiveness analysis; Developed country; Développement économique; Economic aspects; Economic development; Economics; Elasticity of substitution; Emission intensity; Emission standard; Endogeneity (econometrics); Endogenous growth theory; Endowment effect; Environmental aspects; Environmental data; Environmental economics; Environmental impact assessment; Environmental issue; Environmental policy; Environmental protection; Environmentalist; Environnement; Exogenous Growth; Export; External Economies Of Scale; Externality; Factor endowment; Factor price; Factors of production; Free trade; General equilibrium theory; Globalization; Handelsliberalisierung; Import quota; Income; International economics; International trade; Internationale handel; Internationale Wirtschaft; Isoquant; Journal of Environmental Economics and Management; Liberalization; Libre-échange; Luftverschmutzung; Marginal abatement cost; Marginal cost; Marginal product; Marginal rate of substitution; Marginal utility; Market clearing; Market economy; Market power; Milieueffecten; Multilateral trade negotiations; North American Free Trade Agreement; Pareto efficiency; Politique de l'environnement; Pollution; Pollution haven hypothesis; Pollution prevention; Potential output; Production Efficiency; Production Externality; Production function; Production–possibility frontier; Profit (economics); Profit maximization; Purchasing power; Real versus nominal value (economics); Regulatory reform; Schwefelemissionen; Schätzung; SOCIAL SCIENCE; Stadt; Substitution effect; Supply (economics); Supply and demand; Tariff; Theorie; Total factor productivity; Trade barrier; Umweltbelastung; Umweltschutz; Utility; Vrijhandel; Welfare economics; Welt; Welthandel; Wirtschaftswachstum; World economy; World Trade Organization; Économie de l'environnement; Environmental policy; Isoquant; Endowment effect; Income; Purchasing power; Production function; World Trade Organization; Developed country; International trade; Pollution; Supply and demand; Utility; Environmental data; Marginal rate of substitution; Factor price; Economics; Import quota; Endogenous growth theory; North American Free Trade Agreement; Pollution prevention; Welfare economics; Real versus nominal value (economics); Tariff; Potential output; Total factor productivity; Supply (economics); Environmentalist; Comparative advantage; Algorithmic trading; Production Efficiency; Multilateral trade negotiations; Profit maximization; Marginal abatement cost; Free trade; Market economy; Elasticity of substitution; World economy; Market power; Externality; Environmental economics; Marginal product; International economics; Factors of production; Endogeneity (econometrics); Journal of Environmental Economics and Management; Emission standard; Marginal utility; Export; Liberalization; Emission intensity; Cost curve; Trade barrier; Factor endowment; General equilibrium theory; Pollution haven hypothesis; Globalization; Production–possibility frontier; Production Externality; Cost-effectiveness analysis; Environmental impact assessment; Substitution effect; Market clearing; Environmental issue; Exogenous Growth; External Economies Of Scale; Marginal cost; Pareto efficiency; Profit (economics); Regulatory reform; Environmental protection
• ISBN: 0691124000; 9780691124001; 9781400850709; 1400850703
• DOI: 10.1515/9781400850709

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 linking international trade to environmental outcomes, develop the empirical implications, and examine their validity using data on measured sulfur dioxide concentrations from over 100 cities worldwide during the period from 1971 to 1986. The empirical results are provocative. For an average country in the sample, free trade is good for the environment. There is little evidence that developing countries will specialize in pollution-intensive products with further trade. In fact, the results suggest just the opposite: free trade will shift pollution-intensive goods production from poor countries with lax regulation to rich countries with tight regulation, thereby lowering world pollution. The results also suggest that pollution declines amid economic growth fueled by economy-wide technological progress but rises when growth is fueled by capital accumulation alone. Lucidly argued and authoritatively written, this book will provide students and researchers of international trade and environmental economics a more reliable way of thinking about this contentious issue, and the methodological tools with which to do so.