Trade Costs, CO2, and the Environment

• 成果类型: Article
• 署名作者: Shapiro, Joseph S.
• 署名单位: Yale University
• 刊物名称: AMERICAN ECONOMIC JOURNAL-ECONOMIC POLICY
• ISSN/ISSBN: 1945-7731
• DOI: 10.1257/pol.20150168
• 发表日期: 2016
• 页码: 220-254
• 关键词: climate-change policy; social cost; transport costs; variables; impacts; carbon; gravity; MARKETS; tests; MODEL

摘要

This paper quantifies how international trade affects CO2 emissions and analyzes the welfare consequences of regulating the CO2 emissions from shipping. To this end, the paper describes a model of trade and the environment, compiles new data on the CO2 emissions from shipping, and estimates key parameters using panel data regressions. Results show that the benefits of international trade exceed trade's environmental costs due to CO2 emissions by two orders of magnitude. While proposed regional carbon taxes on the CO2 emissions from shipping would increase global welfare and increase the implementing region's GDP, they would also harm poor countries.