Carbon policy and the structure of global trade:
Alternative perspectives on the structure of international trade have important implications for the evaluation of climate policy. In this paper we assess climate policy in the context of three important alternative trade formulations. First is a Heckscher-Ohlin model based on trade in homogeneous p...
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Format: | Elektronisch E-Book |
Sprache: | English |
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Oldenburg
University of Oldenburg, Department of Economics
May 2015
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Schriftenreihe: | V
383 |
Online-Zugang: | Volltext |
Zusammenfassung: | Alternative perspectives on the structure of international trade have important implications for the evaluation of climate policy. In this paper we assess climate policy in the context of three important alternative trade formulations. First is a Heckscher-Ohlin model based on trade in homogeneous products, which establishes the traditional neoclassical view on comparative advantage. Second is an Armington model based on regionally differentiated goods, which constitutes a popular specification for numerical simulations of trade policy. Third is a Melitz model based on monopolistic-competition and firm heterogeneity. This heterogeneous-firms framework is adopted in many contemporary theoretic and empirical investigations in international trade. As we show in this paper, the three alternative trade formulations have important implications for the assessment of climate policy with respect to competitive effects for energy-intensive production (and hence carbon leakage) as well as the transmission of policy burdens across countries. |
Beschreibung: | 1 Online-Ressource (31 Seiten) Diagramme |
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spelling | Balistreri, Edward J. Verfasser (DE-588)133432246 aut Carbon policy and the structure of global trade Edward J. Balistreri, Christoph Böhringer, Thomas F. Rutherford Oldenburg University of Oldenburg, Department of Economics May 2015 1 Online-Ressource (31 Seiten) Diagramme txt rdacontent c rdamedia cr rdacarrier Oldenburg discussion papers in economics V 383 Alternative perspectives on the structure of international trade have important implications for the evaluation of climate policy. In this paper we assess climate policy in the context of three important alternative trade formulations. First is a Heckscher-Ohlin model based on trade in homogeneous products, which establishes the traditional neoclassical view on comparative advantage. Second is an Armington model based on regionally differentiated goods, which constitutes a popular specification for numerical simulations of trade policy. Third is a Melitz model based on monopolistic-competition and firm heterogeneity. This heterogeneous-firms framework is adopted in many contemporary theoretic and empirical investigations in international trade. As we show in this paper, the three alternative trade formulations have important implications for the assessment of climate policy with respect to competitive effects for energy-intensive production (and hence carbon leakage) as well as the transmission of policy burdens across countries. Böhringer, Christoph Verfasser (DE-588)171345169 aut Rutherford, Thomas F. 1954- Verfasser (DE-588)121023117 aut V 383 (DE-604)BV039810434 383 http://www.uni-oldenburg.de/fileadmin/user_upload/wire/fachgebiete/vwl/V-383-15.pdf Verlag kostenfrei Volltext |
spellingShingle | Balistreri, Edward J. Böhringer, Christoph Rutherford, Thomas F. 1954- Carbon policy and the structure of global trade V |
title | Carbon policy and the structure of global trade |
title_auth | Carbon policy and the structure of global trade |
title_exact_search | Carbon policy and the structure of global trade |
title_full | Carbon policy and the structure of global trade Edward J. Balistreri, Christoph Böhringer, Thomas F. Rutherford |
title_fullStr | Carbon policy and the structure of global trade Edward J. Balistreri, Christoph Böhringer, Thomas F. Rutherford |
title_full_unstemmed | Carbon policy and the structure of global trade Edward J. Balistreri, Christoph Böhringer, Thomas F. Rutherford |
title_short | Carbon policy and the structure of global trade |
title_sort | carbon policy and the structure of global trade |
url | http://www.uni-oldenburg.de/fileadmin/user_upload/wire/fachgebiete/vwl/V-383-15.pdf |
volume_link | (DE-604)BV039810434 |
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