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Nachhaltige Entwicklung der Weltwirtschaft: Ein Nord-Süd-Ansatz

Lucas Bretschger

Swiss Journal of Economics and Statistics (SJES), 1998, vol. 134, issue III, 369-390

Abstract: The paper studies the effects of environmental policy on world-wide growth and the global emission level. For this purpose, a macroeconomic North/South-model with two different assumptions on the dislocation of firms from North to South is constructed ("imitation"- and "production shift"-hypothesis). It can be shown that free trade between world regions does not harm the effectiveness of environmental policy of the North. Also, it emerges that the "imitation"-hypothesis predicts a stronger effect on the environment and a weaker impact on growth compared to the "production shift"-hypothesis.

Date: 1998
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