Show simple item record

dc.contributor.authorKeen, Michael
dc.contributor.authorKotsogiannis, Christos
dc.date.accessioned2015-07-13T13:49:58Z
dc.date.issued2014
dc.description.abstractThis paper explores the role of trade instruments in globally efficient climate policies, focusing on whether or not some form of border tax adjustment (BTA) is warranted when carbon prices differ internationally. The analysis shows that, while there is no case for BTA when all instruments can be freely deployed, Pareto-efficiency does require a form of BTA when carbon taxes in some countries are constrained: its purpose then is to partly counteract the impact on emissions of inappropriate carbon pricing there, or, equivalently, to undo the trade distortions such pricing creates. The required form of BTA is generally complex, but a special case is identified in which it optimally has the simple structure envisaged in practical policy discussions. It is also shown that the efficiency case for BTA depends critically on whether climate policies are pursued by carbon taxation or by cap-and-trade.en_GB
dc.identifier.citationVolume 94, Issue 1, September 2014, Pages 119–128en_GB
dc.identifier.doi10.1016/j.jinteco.2014.03.002
dc.identifier.urihttp://hdl.handle.net/10871/17885
dc.language.isoenen_GB
dc.publisherElsevieren_GB
dc.relation.urlhttp://www.journals.elsevier.com/journal-of-international-economics/en_GB
dc.rights.embargoreason18 month embargo to comply with publisher's policy agreement with HEFCEen_GB
dc.subjectH20en_GB
dc.subjectF18en_GB
dc.subjectEnvironmental taxationen_GB
dc.subjectCap-and-tradeen_GB
dc.subjectInternational tradeen_GB
dc.subjectPareto efficiencyen_GB
dc.subjectBorder tax adjustmentsen_GB
dc.titleCoordinating climate and trade policies: Pareto efficiency and the role of border tax adjustmentsen_GB
dc.typeArticleen_GB
dc.identifier.issn0022-1996
dc.descriptionArticleen_GB
dc.descriptionNOTICE: this is the author’s version of a work that was accepted for publication in Journal of International Economics. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Journal of International Economics, Volume 94, Issue 1, September 2014, Pages 119–128, doi:10.1016/j.jinteco.2014.03.002en_GB
dc.description© 2014, Elsevier. Licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International http://creativecommons.org/licenses/by-nc-nd/4.0/en_GB
dc.identifier.journalJournal of International Economicsen_GB


Files in this item

This item appears in the following Collection(s)

Show simple item record