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- Title
Trade and Transboundary Pollution.
- Authors
Copeland, Brian R.; Taylor, M. Scott
- Abstract
This paper examines how national income and trading opportunities interact to determine the level and incidence of world pollution. We find that (i) free trade raises world pollution if incomes differ substantially across countries; (ii) if trade equalizes factor prices, human-capital-abundant countries lose from trade, while human-capital-scarce countries gain; (iii) international trade in pollution permits can lower world pollution even when governments' supply of permits is unrestricted; (iv) international income transfers may not affect world pollution or welfare; and (v) attempts to manipulate the terms of trade with pollution policy leave world pollution unaffected.
- Subjects
NATIONAL income; GROSS national product; INTERNATIONAL trade; POLLUTION; COMMERCIAL policy; PROTECTIONISM
- Publication
American Economic Review, 1995, Vol 85, Issue 4, p716
- ISSN
0002-8282
- Publication type
Article