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Handbook of Environmental and Sustainable Finance by Greg N. Gregoriou, Vikash Ramiah

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Chapter 10

Will TAFTA Be Good or Bad for the Environment?

Dhimitri Qirjo,  and Robert Christopherson     Department of Economics & Finance, School of Business & Economics, The State University of New York at Plattsburgh, Plattsburgh, NY, USA

Abstract

Using cross-sectional panel data, for 23 European Union members and the United States over the 1995–2010 time period, we show robust empirical evidence of a positive effect of trade liberalization, such as the implementation of Trans-Atlantic Free Trade Agreement (TAFTA), on carbon dioxides and nitrogen oxides per capita emissions. We provide statistically significant evidence of an inverted U-shaped curve between per capita income and greenhouse gases (GHGs) emissions per capita. We find a negative ...

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