Trade and environment: further empirical evidence from heterogeneous panels using aggregate data
| Autor: | Thomas Jobert, Fatih Karanfil, Anna Tykhonenko |
|---|---|
| Přispěvatelé: | Groupe de Recherche en Droit, Economie et Gestion (GREDEG), Université Nice Sophia Antipolis (1965 - 2019) (UNS), COMUE Université Côte d'Azur (2015-2019) (COMUE UCA)-COMUE Université Côte d'Azur (2015-2019) (COMUE UCA)-Centre National de la Recherche Scientifique (CNRS)-Université Côte d'Azur (UCA), EconomiX, Université Paris Nanterre (UPN)-Centre National de la Recherche Scientifique (CNRS), HCC, Université Nice Sophia Antipolis (... - 2019) (UNS) |
| Jazyk: | angličtina |
| Rok vydání: | 2016 |
| Předmět: |
JEL: C - Mathematical and Quantitative Methods
[SHS.STAT]Humanities and Social Sciences/Methods and statistics FDI trade openness regulatory stringency jel:C33 CO2 emissions [SHS.ECO]Humanities and Social Sciences/Economics and Finance jel:F18 JEL: F - International Economics Bayesian shrinkage estimator JEL: Q - Agricultural and Natural Resource Economics • Environmental and Ecological Economics [SHS.ENVIR]Humanities and Social Sciences/Environmental studies trade openness CO2 emissions regulatory stringency Bayesian shrinkage estimator jel:Q56 |
| Popis: | Despite the growing body of work devoted to the impacts of development and international trade flows on the environment, the current state of empirical research is still controversial. In this line of analysis, the empirical studies using panel data face two simultaneous challenges. One is associated with the potential presence of unobserved cross-country heterogeneity in the panel, and the other with the use of aggregate data on international trade. In this paper, we apply both the dynamic fixed effects and empirical iterative Bayes estimators to a global panel of annual data on 55 countries spanning the period 1970-2013, to show that when country heterogeneity is accurately accounted for in the estimation, it is possible to obtain significant impacts of trade variables on the environment, even with aggregate data. Based on the estimation results and further information on the stringency of environmental regulations in both developed and developing countries involved in the analysis, we identify different country groups having similar features with respect to the trade-environment relationship. Future multilateral actions and agreements on climate change should account for differences in countries' trade structures and development levels that determine their capabilities to mitigate and adapt to climate change. |
| Databáze: | OpenAIRE |
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