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Full-Text Articles in Social and Behavioral Sciences
Unbundling The Pollution Haven Hypothesis, M. Scott Taylor
Unbundling The Pollution Haven Hypothesis, M. Scott Taylor
M. Scott Taylor
The “Pollution Haven Hypothesis” (PHH) is one of the most contentious and hotly debated predictions in all of international economics. This paper explains the theory behind the PHH by dividing the hypothesis into a series of logical steps linking assumptions on exogenous country characteristics to predictions on trade flows and pollution levels. I then discuss recent theoretical and empirical contributions investigating the PHH to show that each contribution either questions the logical inevitability or the empirical significance of one or more steps in the pollution haven chain of logic. Suggestions for future research are also provided.
Free Trade And Global Warming: A Trade Theory View Of The Kyoto Protocol, Appendix Proofs, M. Scott Taylor, Brian R. Copeland
Free Trade And Global Warming: A Trade Theory View Of The Kyoto Protocol, Appendix Proofs, M. Scott Taylor, Brian R. Copeland
M. Scott Taylor
No abstract provided.
Free Trade And Global Warming: A Trade Theory View Of The Kyoto Protocol, M. Scott Taylor, Brian R. Copeland
Free Trade And Global Warming: A Trade Theory View Of The Kyoto Protocol, M. Scott Taylor, Brian R. Copeland
M. Scott Taylor
This paper demonstrates how several important results in environmental economics, true under mild conditions in closed economies, are false or need serious amendment in a world with international trade in goods. Since the results we highlight have framed much of the ongoing discussion and research on the Kyoto protocol, our viewpoint from trade theory suggests a re- examination may be in order. Specifically, we demonstrate that in an open trading world, but not in a closed economy setting: (1) unilateral emission reductions by the rich North can create self- interested emission reductions by the unconstrained poor South; (2) simple rules …