Climate and international trade policies when emissions affect production possibilities |
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Authors: | Christos Kotsogiannis Alan Woodland |
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Affiliation: | 1. University of Exeter Business School, Streatham Court, Streatham Campus, University of Exeter, Exeter EX4 4PU, UK;2. School of Economics, University of New South Wales, Sydney 2052, Australia |
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Abstract: | 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. |
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Keywords: | Environmental taxation International trade Pareto efficiency Pareto-improving reforms Climate change |
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