EconPapers    
Economics at your fingertips  
 

Policy landscape of trade in environmental goods and services

Arun Jacob and Anders K Møller

MPRA Paper from University Library of Munich, Germany

Abstract: This paper analyses the trends in trade flows and trade policies in environmental goods (EGs) and related services, with a focus on the Asia-Pacific Economies. The paper finds that the region is a dominant player in both exports and imports of EGs in the world, contributing to 42% and 44%, respectively. Renewable energy related goods dominate both the export and import basket of EGs in the region. The paper warns that even though specific environmental goods in general face very low tariffs, many other goods that are however required for environmental projects still face high tariffs, especially in least developed countries. Hence, the paper calls for a ‘holistic approach’ for tariff liberalization. The paper highlights the role of services in environmental sectors. The paper estimates an augmented gravity model of trade flows that integrates non-tariff measures (NTMs) and services trade restrictions. The estimations find that while tariffs have had an insignificant impact on environmental goods trade, NTMs have a strong negative impact. The impact of NTMs is more strongly felt by exports from low income countries when compared with middle income and high-income ones. The services trade restrictions also have a significant negative impact on the EG trade. The results point to the need for integrating NTMs and service sector policies within the framework of environmental goods negotiations to expedite the process of liberalizing global trade in EG.

Keywords: Green Trade; Environmental Goods; Trade and Environment (search for similar items in EconPapers)
JEL-codes: Q2 Q27 Q28 Q5 Q56 (search for similar items in EconPapers)
Date: 2017-04
New Economics Papers: this item is included in nep-env, nep-int and nep-sea
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/78774/1/MPRA_paper_78774.pdf original version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:78774

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().

 
Page updated 2021-11-11
Handle: RePEc:pra:mprapa:78774