Environmental Regulation and foreign trade: an analysis for the CAN and MERCOSUR trade blocs in the period 2001-2019

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Abstract

This study examines the impact of trade and environmental agreements on trade in the Andean Community (CAN) and the Southern Common Market (MERCOSUR) during the period 2001–2019. Using a panel data methodology, the study analyses the effects of ratifying a number of agreements (the Paris Agreement, the Kyoto Protocol, the Nagoya Protocol, and Free Trade Agreements with the European Union) on total exports and imports. The results reveal that environmental regulations have a differentiated impact on the exports and imports of both trade blocs. These findings underscore the importance of trade and environmental agreements in promoting sustainable trade and emphasize the need for ongoing monitoring of their implementation to foster equitable and sustainable growth in the region.

Original languageEnglish
Article number2346061
JournalJournal of Applied Economics
Volume27
Issue number1
DOIs
StatePublished - 2024

Keywords

  • andean community
  • Environmental regulation
  • MERCOSUR
  • regional environmental agreements

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