Green Industrial Policy: Trade and Theory
Larry Karp and
Megan Stevenson
Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series from Department of Agricultural & Resource Economics, UC Berkeley
Abstract:
This paper studies the reality and the potential for green industrial policy. We provide a summary of the green industrial policies, broadly understood, for five countries. We then consider the relation between green industrial policies and trade disputes, emphasizing theBrazil-US dispute involving ethanol and the broader US-China dispute. The theory of public policy provides many lessons for green industrial policy. We select four of these lessons, involving the Green Paradox, the choice of quantities versus prices with endogenous investment, the coordination issues arising from emissions control, and theability of green industrial policies to promote cooperation in reducing a global public bad like carbon emissions.
Keywords: Life Sciences; Social and Behavioral Sciences; green industrial policy; trade conflicts; green paradox; asymmetric information; coordination games; participation games (search for similar items in EconPapers)
Date: 2012-01-27
New Economics Papers: this item is included in nep-env and nep-res
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Citations: View citations in EconPapers (6)
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Working Paper: Green industrial policy: trade and theory (2012)
Working Paper: Green industrial policy: trade and theory (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:cdl:agrebk:qt5qc631q9
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