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Suggestions for the Road to Copenhagen AgEcon
Karp, Larry S.; Zhao, Jinhua.
We provide a unified discussion of the issues that confront negotiators of the next international climate agreement. We offer a novel proposal that entitles countries to discharge their treaty obligations by paying a “fine”. This escape clause provides cost insurance, simplifies the problem of enforcing compliance, and increases incentives to participate in the agreement. We explain why developed country obligations should rely on a cap and trade commitment rather than carbon taxes. A Central Bank maintains stability of carbon prices by defending a price ceiling and floor. An so-called intensity target is not a good alternative to an emissions cap. Modest trade restrictions, consistent with WTO law, will form an important part of the next agreement....
Tipo: Working or Discussion Paper Palavras-chave: Kyoto protocol; Escape clause; Emissions trade; Taxes versus cap and trade; Price stability; Carbon leakage; Trade restrictions; Differentiated responsibility; Clean development mechanism; Sectoral agreements; Demand and Price Analysis; Environmental Economics and Policy; Research Methods/ Statistical Methods; Resource /Energy Economics and Policy; Q54; Q58; F13.
Ano: 2009 URL: http://purl.umn.edu/51610
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Dynamics of the U.S.-Canada Softwood Lumber Trade: Market and Welfare Effects of the 2006 Softwood Lumber Agreement AgEcon
Baek, Jungho.
This article examines the effects of macroeconomic variables (i.e., housing starts, disposable income, and the exchange rate), market variables (i.e., lumber price and wage rate) and the 2006 Softwood Lumber Agreement (SLA06) on U.S. lumber imports from Canada. It also looks at the welfare consequences of the SLA06. Results suggest that macroeconomic variables are more important than lumber price in determining the bilateral trade in softwood lumber. It is also found that, although the SLA06 has a significant negative effect on lumber imports from Canada, the market and welfare impacts of the trade restriction are moderate.
Tipo: Journal Article Palavras-chave: Exchange rates; Housing starts; Softwood lumber trade; Trade restrictions; U.S. import demand; Financial Economics; Industrial Organization; International Relations/Trade; Political Economy; Public Economics.
Ano: 2011 URL: http://purl.umn.edu/117820
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