G2TT
来源类型FEEM working papers "Note di lavoro" series
规范类型论文
The Impact of Unilateral Climate Policy with Endogenous Plant Location and Market Size Asymmetry
Francesca Sanna-Randaccio; Roberta Sestini
发表日期2010
出处Climate Change and Sustainable Development
出版年2010
语种英语
摘要This paper analyses the impact of unilateral climate policy on firms’ international location strategies in emission-intensive sectors, when countries differ in terms of market size. The cases of partial and total relocation via foreign direct investment are separately considered. A simple international duopoly model highlights the differences between short-term and long-term effects. In the short-term no change in location is a likely outcome in very capital-intensive sectors, and when there is a strategy shift this takes the form of partial instead of total relocation. In the long-run total relocation becomes a feasible outcome. However we found that, when tighter mitigation measures are introduced by the larger country and unit transport cost is high, with a pronounced market asymmetry the probability of firms not relocating abroad is high even in the long-term. The welfare implications of unilateral environmental measures are assessed considering global industrial pollution and accounting for shifts in location strategy.
特色分类F12;F23;Q58
关键词Foreign Direct Investment Carbon Leakage Climate Policy Relocation Transport Costs Welfare
URLhttps://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/the-impact-of-unilateral-climate-policy-with-endogenous-plant-location-and-market-size-asymmetry/
来源智库Fondazione Eni Enrico Mattei (Italy)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/117882
推荐引用方式
GB/T 7714
Francesca Sanna-Randaccio,Roberta Sestini. The Impact of Unilateral Climate Policy with Endogenous Plant Location and Market Size Asymmetry. 2010.
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