Trade imbalance, heavy goods, and pollution

IF 2.8 2区经济学 Q2 BUSINESS, FINANCE

Journal of International Money and Finance Pub Date : 2024-04-25 DOI:10.1016/j.jimonfin.2024.103090

Jungho Lee , Shang-Jin Wei , Jianhuan Xu

引用次数: 0

Abstract

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.

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贸易失衡、重型货物和污染

我们提出了贸易顺差的新福利效应。在经济学多个领域的洞察力指导下，我们提供的证据表明，一国贸易顺差的增加会改变其贸易的单位运输成本和进口构成，从而在均衡状态下在该国造成更多污染。在现有的国际经济学文献中，贸易失衡所造成的这一新形式的福利损失尚未被考虑在内。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of International Money and Finance BUSINESS, FINANCE-

CiteScore

4.20

自引率

4.00%

发文量

141

期刊介绍： Since its launch in 1982, Journal of International Money and Finance has built up a solid reputation as a high quality scholarly journal devoted to theoretical and empirical research in the fields of international monetary economics, international finance, and the rapidly developing overlap area between the two. Researchers in these areas, and financial market professionals too, pay attention to the articles that the journal publishes. Authors published in the journal are in the forefront of scholarly research on exchange rate behaviour, foreign exchange options, international capital markets, international monetary and fiscal policy, international transmission and related questions.