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Environmental Policy, International Trade and Factor Markets

Series: Contributions to Economic Analysis Volume: 267

Edited By: CC Chao and E Siu-Hung Yu

252 pages, no illustrations


Hardback | Feb 2005 | #153100 | ISBN: 0444517081
Availability: Usually dispatched within 2-3 weeks Details
NHBS Price: £74.95 $98/€83 approx

About this book

This book examines the intricate relationship among trade and investment policies, as well as environmental regulations, especially for developing economies. Trade liberalization via tariff reduction and market reforms has contributed significantly to the growth of the world economy. Nonetheless, one may wonder if free trade can continue to be a key factor sustaining economic growth and improving environmental quality. Under free trade, capital-abundant developed countries that produce capital intensive goods tend to emit more pollutants. This is the thrust of the so-called factor-endowment hypothesis of pollution. However, the costs of abating pollution are mounting in environmentally conscious nations due to the adoption of tougher environmental standards. The increased production costs have prompted firms in the developed nations to relocate to developing countries (the pollution haven hypothesis).

Households in developing economies are mainly concerned with meeting basic needs and thus attach greater importance to issues about jobs and income. This book contributes toward understanding these issues. The impacts of pollution taxes and environmental standards on employment and social welfare are examined, the design and coordination of optimal trade, investment and environmental policies are analyzed, and their policy implications, such as aid-nature swap and backward incidence of pollution control, are provided. Finally, optimal trade and pollution policies are investigated and compared under certain and uncertain situations.


Abbreviated. Introduction. Chapter 1. General-equilibrium models of an economy. Chapter 2. Jobs vs. environmental preservation. Chapter 3. Jobs and environment taxes. Chapter 4. Environmental standard, tax competition and capital flows. Chapter 5. Optimal pollution and foreign-investment taxes. Chapter 6. Environmental taxes and trade-related investment measures. Chapter 7. Environmental regulations on trade and investment policies. Chapter 8. Capital mobility and pollution tax coordination. Chapter 9. Tied aid, environmental clean-up, and welfare. Chapter 10. Backward incidence of pollution control. Chapter 11. Air pollution and optimal interventions. Chapter 12. Pollution-induced uncertainty and optimal intervention policies. Chapter 13. Future research.

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