The Impact of Environmental Measures on Trade and Innovation: Evidence from the WTO Environmental Database (EDB)

This study explores the impact of environmental policies on trade and innovation, utilizing an expanded dataset sourced from the WTO Environmental Database (EDB). It makes two contributions to the literature: First, employing advanced text analysis algorithms, we extracted valuable information from...

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Bibliographic Details
Published in:Environmental & resource economics 2024-10, Vol.87 (10), p.2629-2682
Main Authors: Bellelli, Francesco S., Xu, Ankai
Format: Article
Language:English
Subjects:
Algorithms
Climate change
Competition
Competitiveness
Data augmentation
Data mining
Datasets
Demand analysis
Economic Policy
Economics
Economics and Finance
Environmental Economics
Environmental impact
Environmental Law/Policy/Ecojustice
Environmental Management
Environmental policy
Environmental regulations
Exports
Growth models
Impact analysis
Imports
Innovations
International trade
Policies
Policy analysis
Pollution
Subsidies
Text analysis
Trade
Trade policy
Usefulness
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Summary:This study explores the impact of environmental policies on trade and innovation, utilizing an expanded dataset sourced from the WTO Environmental Database (EDB). It makes two contributions to the literature: First, employing advanced text analysis algorithms, we extracted valuable information from the EDB, enhancing its usefulness for future research and policy analysis. Second, we leverage this augmented dataset to evaluate the impact of environmental measures on trade and green innovation. Our empirical findings suggest that environmental policies not only elevate demand for environmental goods and stimulate imports but also bolster competitiveness and amplify exports of environmental goods. Additionally, these policies appear to stimulate green innovation.
ISSN:0924-6460
1573-1502
DOI:10.1007/s10640-024-00898-3