||Convergence in pollution terms of trade
Satoshi, HonmaYushi, Yoshida
CRR Discussion Paper, Series A
49 , 2018-03 , Center for Risk Research (CRR), Shiga University
By implementing the world input-output tables for 40-countries by 35-industries to account for intermediate trade, we constructed the pollution terms of trade (PTT) on the basis of CO2 emissions between 1995 and 2009. We examine whether the PTTs have converged among the 40 countries in the past 15 years. The empirical evidence supports PTT convergence; PTT growth is negatively related to its initial level, and this empirical result is robust to various control variables.