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International Trade and Domestic Environmental Emission: A Computable General Equilibrium Analysis for India
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This paper examines General Equilibrium implications of International Trade and Globalization on social welfare and environmental emission. We have applied Computable General Equilibrium (CGE) modeling as relevant methodology in the same way Shoven and Whalley (1984) has done through construction of Energy/Environmental Social Accounting Matrix (SAM) and CGE model. This paper attempts to investigate the effects of Liberalized Trade on different macroeconomic aspects, energy consumption and Green House Gases (GHG) emission. With the help of an index of Pollution Terms of Trade (PTOT) our research finds that trade and globalization in most of the cases aggravated the problem of GHG emission and has made India 'Pollution Haven'.
Keywords
CGE, SAM, Trade Liberalization, PTOT. JEL Classification: C68, F18, F41, Q5
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