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| Received
21-Jun-2013 |
Accepted
- |
Published
21-Jun-2013 |
Abstract
This paper examines General Equilibrium implications of
International Trade and Globalization on social welfare
and environmental emission. We have applied
Computable General Equilibrium (CGE) modeling as
relevant methodology in the same way Shoven and
Whalley (1984) has done through construction of
Energy/Environmental Social Accounting Matrix (SAM)
and CGE model. This paper attempts to investigate the
effects of Liberalized Trade on different macroeconomic
aspects, energy consumption and Green House Gases
(GHG) emission. With the help of an index of Pollution
Terms of Trade (PTOT) our research finds that trade and
globalization in most of the cases aggravated the problem
of GHG emission and has made India- Pollution Haven.
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