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Welfare and Trade Effects of International Environmental Agreements.
- Source :
- Environmental & Resource Economics; Jul2020, Vol. 76 Issue 2/3, p331-345, 15p
- Publication Year :
- 2020
-
Abstract
- We analyse the welfare effects of environmental policy arising from the formation of an international environmental agreement on the participating and non-participating countries and thus shed light on the potential incentives for a country to join such an agreement. Within a N-country Q-goods general equilibrium framework under free-trade conditions, we consider unilateral and cooperative policy settings and, within the latter, country-specific and fully harmonized policies within the agreement. A key result of the paper is the emergence of a negative relationship, arising from terms of trade effects, between the welfare changes of the participating and non-participating countries following the formation of the agreement. These however do not result in a zero sum welfare outcome for the world as a whole. [ABSTRACT FROM AUTHOR]
- Subjects :
- TREATIES
INTERNATIONAL trade
ENVIRONMENTAL policy
TERMS of trade
Subjects
Details
- Language :
- English
- ISSN :
- 09246460
- Volume :
- 76
- Issue :
- 2/3
- Database :
- Complementary Index
- Journal :
- Environmental & Resource Economics
- Publication Type :
- Academic Journal
- Accession number :
- 144282212
- Full Text :
- https://doi.org/10.1007/s10640-020-00428-x