Regional Cooperation Toward Green Asia: Trade in Low Carbon Goods

Governments in the Asian region have been taking actions in the form of voluntary targets and policy commitments to improve the production and use of low carbon goods (LCG). However, these commitments are often challenged by many constraints, such as technological barriers and financial deficiencies...

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Bibliographic Details
Published in:The International trade journal 2014-08, Vol.28 (4), p.344-362
Main Authors: Kalirajan, Kaliappa, Anbumozhi, Venkatachalam
Format: Article
Language:English
Subjects:
Asia
Coalitions
Commitments
Environmental policy
Environmentalism
Exports
green growth
Production
regional cooperation
stochastic frontier gravity model
Studies
Trade policy
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Summary:Governments in the Asian region have been taking actions in the form of voluntary targets and policy commitments to improve the production and use of low carbon goods (LCG). However, these commitments are often challenged by many constraints, such as technological barriers and financial deficiencies. Within this context, the main objective of this study is to measure the potential of major emerging Asian economies for exports in LCG under the grand regional coalition, partial regional coalition, and standalone scenarios. The analysis indicates that emerging Asian economies will increase their export potential in LCG more under the grand coalition scenario.
ISSN:0885-3908
1521-0545
DOI:10.1080/08853908.2014.922041