Abstract
The Author(s) 2013. This article is published with open access at Springerlink.com Abstract The purpose of the present paper is to understand general equilibrium implications of inter- national trade and globalization on social welfare and environmental emission caused on account of energy consumption by production sectors and domestic households. We applied computable general equilib- rium (CGE) modelling as our relevant methodology following Shoven and Whalley (J Econ Lit XXII: 1007-1051, 1984). Constructing an energy/environ- mental social accounting matrix (SAM), paper attempts to purport the effects of liberalized trade over different macroeconomic aspects, energy con- sumption and green house gas emission through an environmental CGE model logically based on SAM. Attempts have been made to simulate various trade related policies like import liberalization, foreign capital inflow and use of energy saving technologies for examining the impact over macroeconomic vari- ables and domestic physical environment under both perfect and monopolistic competition market structure assumption.
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