Effects of Trade on Emissions in an Enlarged European Union: Some Comparative Dynamics Analyses with an Empirically Based Endogenous Growth Model

Nazmiye Balta-Ozkan, Kieran P. Donaghy and Clifford R. Wymer
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Nazmiye Balta-Ozkan: Policy Studies Institute
Kieran P. Donaghy: Cornell University
Clifford R. Wymer: International Monetary Fund (Retired)

Chapter 15 in Globalization and Regional Economic Modeling, 2007, pp 353-392 from Springer

Abstract: Abstract On May 1, 2004, the European Union (EU) expanded from 15 member states (EU15) to 25 member states. Both the EU15, as a single entity, and most of the new member states, individually, are signatory parties to the Kyoto Protocol with different levels of greenhouse gas (GHG) emission reduction targets to be achieved by 2012. While the emissions of these new entrants are already below their Kyoto targets, the EU15 has not reached its aggregate target yet. Economic integration will certainly increase the volume of trade between these countries, through which their economic growth rates and emissions will be affected.1 In this study, we analyze possible environmental and economic impacts of increasing trade between the EU15 and the so-called ‘new accession countries’ (NAC13).2 In focusing on these issues, we take a different approach than has been followed in the extant literature. We employ a two-bloc representative agent model with both endogenous growth and endogenous technological change whose parameters have been estimated from available time series.

Keywords: Human Capital; Gross Domestic Product; Capital Stock; Real Exchange Rate; Physical Capital (search for similar items in EconPapers)
Date: 2007
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DOI: 10.1007/978-3-540-72444-5_15

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