000172711 001__ 172711
000172711 005__ 20180122233138.0
000172711 037__ $$a824-2016-54726
000172711 041__ $$aen_US
000172711 084__ $$aF12
000172711 084__ $$aF23
000172711 084__ $$aQ58
000172711 245__ $$aUnilateral Climate Policy and Foreign Direct Investment with Firm and Country Heterogeneity
000172711 260__ $$c2014-05
000172711 269__ $$a2014-05
000172711 270__ $$mfsr@dis.uniroma1.it$$pSanna-Randaccio, Francesca
000172711 300__ $$a37
000172711 336__ $$aWorking or Discussion Paper
000172711 490__ $$aCCSD
000172711 490__ $$a55.2014
000172711 520__ $$aWe contribute to the debate on the impact of unilateral climate policy with a two-country two-firm international oligopoly model accounting for endogenous plant location and heterogeneity in both country size and firm’s emissions technology. Our results suggest that, if the carbon price differential is moderate as compared to unit transport costs and the relative size of the highly regulated country is big enough, a no relocation equilibrium may prevail also in the long run. A large market asymmetry coupled with a small technology gap emerges as the only configuration in which unilateral climate policy leads to a fall in world emissions irrespective of the optimal location choice. Thus for being effective and not leading to production relocation, unilateral climate policy should be moderate, implemented by a sufficiently large area and complemented by mechanisms for promoting the international transfer of clean technologies. Welfare implications are also discussed.
000172711 542__ $$fLicense granted by Nancy Elera (nancy.elera@feem.it) on 2014-06-13T08:36:23Z (GMT):
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000172711 650__ $$aEnvironmental Economics and Policy
000172711 6531_ $$aForeign Direct Investment
000172711 6531_ $$aEmissions Technologies
000172711 6531_ $$aCarbon leakage
000172711 6531_ $$aClimate Policy
000172711 700__ $$aSanna-Randaccio, Francesca
000172711 700__ $$aSestini, Roberta
000172711 700__ $$aTarola, Ornella
000172711 8564_ $$s1326857$$uhttp://ageconsearch.umn.edu/record/172711/files/NDL2014-055R.pdf
000172711 887__ $$ahttp://purl.umn.edu/172711
000172711 909CO $$ooai:ageconsearch.umn.edu:172711$$pGLOBAL_SET
000172711 912__ $$nSubmitted by Nancy Elera (nancy.elera@feem.it) on 2014-06-13T08:40:02Z
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Previous issue date: 2014-05
000172711 982__ $$gFondazione Eni Enrico Mattei (FEEM)>Climate Change and Sustainable Development
000172711 980__ $$a824
