Trade imbalance, heavy goods, and pollution
We propose a new welfare effect of trade surplus. Guided by insight from several fields in economics, we provide evidence that an increase in a country's trade surplus alters the unit shipping costs for its trade and the composition of its imports in ways that induce more pollution in the count...
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2024
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sg-smu-ink.soe_research-37782024-11-23T15:22:35Z Trade imbalance, heavy goods, and pollution LEE, Jungho WEI, Shang-jin XU, Jianhuan We propose a new welfare effect of trade surplus. Guided by insight from several fields in economics, we provide evidence that an increase in a country's trade surplus alters the unit shipping costs for its trade and the composition of its imports in ways that induce more pollution in the country in equilibrium. This new form of welfare loss of trade imbalance has not been accounted for in the existing international economics literature 2024-06-01T07:00:00Z text application/pdf https://ink.library.smu.edu.sg/soe_research/2779 info:doi/10.1016/j.jimonfin.2024.103090 https://ink.library.smu.edu.sg/context/soe_research/article/3778/viewcontent/Trade_imbalance__heavy_goods__and_pollution.pdf http://creativecommons.org/licenses/by-nc-nd/4.0/ Research Collection School Of Economics eng Institutional Knowledge at Singapore Management University Trade surplus Shipping costs Pollution Trade imbalance International economics literature Economic equilibrium Econometrics Economics International Economics |
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Trade surplus Shipping costs Pollution Trade imbalance International economics literature Economic equilibrium Econometrics Economics International Economics |
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Trade surplus Shipping costs Pollution Trade imbalance International economics literature Economic equilibrium Econometrics Economics International Economics LEE, Jungho WEI, Shang-jin XU, Jianhuan Trade imbalance, heavy goods, and pollution |
| description |
We propose a new welfare effect of trade surplus. Guided by insight from several fields in economics, we provide evidence that an increase in a country's trade surplus alters the unit shipping costs for its trade and the composition of its imports in ways that induce more pollution in the country in equilibrium. This new form of welfare loss of trade imbalance has not been accounted for in the existing international economics literature |
| format |
text |
| author |
LEE, Jungho WEI, Shang-jin XU, Jianhuan |
| author_facet |
LEE, Jungho WEI, Shang-jin XU, Jianhuan |
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LEE, Jungho |
| title |
Trade imbalance, heavy goods, and pollution |
| title_short |
Trade imbalance, heavy goods, and pollution |
| title_full |
Trade imbalance, heavy goods, and pollution |
| title_fullStr |
Trade imbalance, heavy goods, and pollution |
| title_full_unstemmed |
Trade imbalance, heavy goods, and pollution |
| title_sort |
trade imbalance, heavy goods, and pollution |
| publisher |
Institutional Knowledge at Singapore Management University |
| publishDate |
2024 |
| url |
https://ink.library.smu.edu.sg/soe_research/2779 https://ink.library.smu.edu.sg/context/soe_research/article/3778/viewcontent/Trade_imbalance__heavy_goods__and_pollution.pdf |
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