The Cost of Adjustment to Green Growth Policies : Lessons from Trade Adjustment Costs

Green growth policies confront firms and workers with adjustments that may create welfare costs for different segments of the population and cause reductions in near-term actual versus potential gross domestic product. There is little evidence on t...

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Bibliographic Details
Main Author:	Porto, Guido
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2013
Subjects:	ADJUSTMENT ASSISTANCE ADJUSTMENT COST ADJUSTMENT COSTS ADJUSTMENT POLICIES ADJUSTMENT PROCESS AGGREGATE INCOME AGRICULTURE AVERAGE WAGE AVERAGE WAGES BARGAINING POWER BENCHMARK CAPITAL ACCUMULATION CAPITAL MARKET CAPITAL MARKETS CAPITAL STOCK CARBON CARBON ENERGY CHILD LABOR CLIMATE CHANGE COAL CODES OF CONDUCT COMPARATIVE ADVANTAGE COMPETITIVE ADVANTAGE COMPLIANCE COSTS CONSUMERS CREDIT CONSTRAINTS DAMAGES DEADWEIGHT DEADWEIGHT LOSS DEMOGRAPHIC DEMOGRAPHICS DEVELOPING COUNTRIES DEVELOPING ECONOMIES DEVELOPMENT ECONOMICS DEVELOPMENT POLICY DISCOUNT RATE DISCOUNTED VALUE DISPLACED WORKERS DRIVERS EARNING ECONOMETRICS ECONOMIC ACTIVITY ECONOMIC RESEARCH EFFICIENCY WAGES ELASTICITY EMISSIONS EMPIRICAL EVIDENCE EMPLOYEE EMPLOYMENT EFFECTS EMPLOYMENT LEVELS EMPLOYMENT RESEARCH EMPLOYMENT SUBSIDIES EMPLOYMENT TURNOVER ENERGY EFFICIENCY ENVIRONMENTAL ENVIRONMENTAL DAMAGES ENVIRONMENTAL POLICIES ENVIRONMENTAL QUALITY ENVIRONMENTAL RESOURCES ENVIRONMENTAL STANDARDS EQUILIBRIUM EXPLOITATION EXPORT MARKET EXPORT-ORIENTED INDUSTRY EXPORTS EXTERNALITIES EXTERNALITY FACTOR MARKETS FACTORS OF PRODUCTION FAIR TRADE FIRING COSTS FIRM SURVEYS FIXED CAPITAL FIXED INVESTMENT FOSSIL FUELS FREE TRADE FRICTIONAL UNEMPLOYMENT GDP GENERAL EQUILIBRIUM GENERAL EQUILIBRIUM MODELS GROWTH MODELS GROWTH POLICIES GROWTH POLICY HOME COUNTRY HOUSEHOLD INCOME HOUSEHOLD SURVEY HOUSEHOLD SURVEYS HUMAN CAPITAL HUMAN RIGHTS HUMAN RIGHTS ISSUES IMPROVED WORKING CONDITIONS INCOME INCOME INEQUALITY INCOMES INDUSTRY WAGE INPUT PRICES INSURANCE MARKETS INTANGIBLE INTERNATIONAL TRADE INVESTMENT CLIMATE IRREVERSIBILITY JOB DISPLACEMENT JOB TRAINING JOBS LABOR ADJUSTMENT LABOR ADJUSTMENT COSTS LABOR ALLOCATION LABOR ALLOCATIONS LABOR DEMAND LABOR DISPLACEMENT LABOR FORCE LABOR MARKET LABOR MARKET ADJUSTMENT LABOR MARKET FLEXIBILITY LABOR MARKET POLICIES LABOR MARKET REFORM LABOR MARKET REFORMS LABOR MARKET RIGIDITIES LABOR MARKET TURNOVER LABOR MARKETS LABOR MOBILITY LABOR PRODUCTIVITY LABOR REALLOCATION LABOR REGULATIONS LABOR SUPPLY LABOR UNIONS LABOUR LABOUR ADJUSTMENT LABOUR MARKET LABOUR MARKET REGULATIONS LABOUR MOVEMENTS LONG-RUN EMPLOYMENT MARGINAL PRODUCT MARGINAL PRODUCTIVITY MARKET DISTORTION MARKET DISTORTIONS MARKET LIBERALIZATION MIDDLE-INCOME COUNTRIES MINIMUM WAGE MINIMUM WAGES NEW MARKET NEW MARKET OPPORTUNITIES NOMINAL WAGES OLDER WORKERS OPTIMIZATION OPTION VALUE OUTPUTS POLICY MAKERS POLITICAL ECONOMY POLLUTION POLLUTION TAX POTENTIAL GROSS DOMESTIC PRODUCT PRESENT VALUE PREVIOUS SECTION PRODUCERS PRODUCTION FUNCTION PRODUCTION WORKER PRODUCTIVE ACTIVITIES PRODUCTIVE FIRMS PRODUCTIVITY PRODUCTIVITY GAIN PRODUCTIVITY GAINS PROFIT MAXIMIZATION PROFIT SHARING PROTECTED INDUSTRIES PROTECTED INDUSTRY QUOTAS RATIONAL EXPECTATIONS REAL WAGE REAL WAGES RENTS SAFETY SAFETY NET SELLING PRICE SKILL PREMIUM SKILL PREMIUMS SKILL UPGRADING SOCIAL BENEFITS STARTUP STRUCTURAL ADJUSTMENT SUSTAINABLE DEVELOPMENT TARGETED EMPLOYMENT SUBSIDY TAXATION TERMS OF TRADE TRADE LIBERALIZATION TRADE POLICIES TRADE POLICY TRADE REFORMS TRAINING COSTS UNEMPLOYED UNEMPLOYED WORKER UNEMPLOYED WORKERS UNEMPLOYMENT UNEMPLOYMENT INSURANCE UNEMPLOYMENT INSURANCE PROGRAM UNEMPLOYMENT TRANSITION UNPROTECTED SECTOR UNSKILLED LABOR UNSKILLED WORKERS URUGUAY ROUND UTILITY FUNCTION VALUE OF OUTPUT VERTICAL INTEGRATION VOLATILITY WAGE BARGAINING WAGE DIFFERENTIALS WAGE GROWTH WAGE INCREASE WAGE INCREASES WAGE INEQUALITY WAGE LEVELS WAGE PREMIUM WAGE PREMIUMS WAGE STRUCTURE WAGE SUBSIDIES WAGES WELFARE EFFECTS WELFARE GAINS WORKERS WORKING CONDITIONS WORLD TRADE WTO YOUNG WORKERS
Online Access:	http://documents.worldbank.org/curated/en/2012/10/16862151/cost-adjustment-green-growth-policies-lessons-trade-adjustment-costs http://hdl.handle.net/10986/12079