동북아지역의 경제통합이 지속가능 무역에 미치는 영향 - 한 , 중 , 일의 국제환경협력을 중심으로 - = The Effects of Economic Integration Through International Environmental Cooperation Between Korea , China and Japan on Sustainable Trade Flow

다국어 초록 (Multilingual Abstract)

This paper studies empirically whether more stringent domestic environmental policies reduce the international competitiveness of environmentally sensitive goods(ESGs). The finding is that the export performance of ESGs for most of the countries remained unchanged despite the introduction of stringent environmental standards in most of the developed countries. The observed phenomenon is put into a multi-country econometric test using an extended gravity equation model. We test two hypotheses explicitly. The first is whether countries with higher stringency of environmental regulations lower their exports of ESGs and non-resource-based ESGs. The second is whether new trade barriers emerge to offset the trade effects of more stringent environmental policy. Our results reject the above two hypotheses, suggesting that countries with more stringent environmental regulations do not reduce their exports of ESGs and non-resource-based ESGs, and that new trade barriers do not emerge to offset the trade effects of more stringent environmental policy in significant way.