Globalization, Cross-Border Pollution and Welfare

Panos Hatzipanayotou, Sajal Lahiri and Michael Michael

No 1479, CESifo Working Paper Series from CESifo

Abstract: We construct a two-good general equilibrium model of international trade for two small open economies where pollution from production is transmitted across borders. Governments in both countries impose emission taxes non-cooperatively. Within this framework, we examine the effect of trade liberalization and of changes in the perception of cross-border pollution on Nash emission taxes, emission levels, and welfare.

Keywords: cross-border pollution; emission taxes; terms of trade; globalization; welfare (search for similar items in EconPapers)
Date: 2005
New Economics Papers: this item is included in nep-ene, nep-env, nep-int and nep-pbe
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:ces:ceswps:_1479

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