全球智库信息集成服务系统(G2TT): How Large are the Impacts of Carbon Motivated Border Tax Adjustments

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w15613
来源ID	Working Paper 15613
	How Large are the Impacts of Carbon Motivated Border Tax Adjustments
	Yan Dong; John Whalley
发表日期	2009-12-23
出版年	2009
语种	英语
摘要	This paper discusses the size of impact of carbon motivated border tax adjustments on world trade. We report numerical simulation results which suggest that impacts on welfare, trade, and emissions will likely be small. This is because proposed measures use carbon emissions in the importing country in producing goods similar to imports rather than carbon content in calculating the size of barriers. Moreover, because border adjustments involve both tariffs and export rebates, it is the differences in emissions intensity across sector rather than emissions level which matters. Where there is no difference in emissions intensities across sectors, Lerner symmetry holds for the border adjustment and no relative effects occur. In our numerical simulation analyses border tax adjustments accompany carbon emission reduction commitments made either unilaterally , or as part of a global treaty and to be applied against non signatories. We use a four-region (US, EU, China, ROW) general equilibrium structure which captures energy trade and has endogenously determined energy supply so that global emissions can change with policy changes. We calibrate our model to 2006 data and analyze the potential impacts of both EU and US carbon pricing at various levels, either along with or without carbon motivated BTAs policies on welfare, emissions, trade flows and production. Results indicate only small impacts of these measures on global emissions, trade and welfare, but the signs of effects are as expected. BTAs alleviate leakage effects as expected. In trade impacts, compared with no BTAs, BTAs reduce imports of committing countries, and increase imports by other countries. EU and US BTAs against China reduce exports by China. With BTAs, the value of production in the country with carbon reduction measures are introduced increases, and other country's production decreases compared with the case of no BTAs. With the contraction of world trade flows caused by the financial crisis, carbon motivated BTAs offer a prospect of a compounding effect in a world which is going protectionist and decarbonized at the same time, but the added effects of BTAs seems small.
主题	International Economics ; Trade ; Globalization and International Relations
URL	https://www.nber.org/papers/w15613
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/573288
推荐引用方式 GB/T 7714	Yan Dong,John Whalley. How Large are the Impacts of Carbon Motivated Border Tax Adjustments. 2009.

条目包含的文件
文件名称/大小	资源类型	版本类型	开放类型	使用许可
w15613.pdf（253KB）	智库出版物		限制开放	CC BY-NC-SA	浏览