A Quantitative Analysis of Sustainable Globalization — Marcos Ritel

Sprecher

Prof. Marcos Ritel, Ph.D. (Kühne Logistics University)

Abstract

We analyze the economic effects of optimal climate action induced by a worldwide tax on greenhouse gas (GHG) emissions. We conduct this analysis in the context of a modern quantitative trade model, which allows us to put numbers on the idea of `sustainable globalization'. We find that (i) a global carbon tax is remarkably efficient, (ii) a global carbon tax exacerbates between-country inequality, (iii) a global carbon tax has almost no effect on the trade-to-GDP-ratio, and (iv) international trade became initially browner and then again greener over the time period 1995-2018.

Raum

Medienraum (A-211)

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