Environment and Economic Benefits through the Preference for More Open Commercial Policy
Abstract
The objective of this paper is to explore the determinants of individuals’ opinions about relaxed economic policy regime, whether more open economic activities benefit the country and its people. As this is a study at the micro level, thus questionnaire survey is conducted in Bangkok area. The binary analysis is employed to address the explanatory power of relevant variables. According to statistical tests, logit estimation is more accurate than the probit model. The estimated models indicate that, among other things, individuals’ perception about the liberalization of economic regime seems to sustain the strongest cause for the issues regarding the gains from more open economic activities. Furthermore, the findings show the explanatory power of the Stolper-Samuelson Theorem and the environmental Kuznets curve hypothesis.
References
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[16] Tomiura, E., Ito, B., Mukunoki, H. and Wakasugi, R. 2016. Individual Characteristics, Behavioral Biases, and Trade Policy Preferences: Evidence from a Survey in Japan. Reviews of International Economics, 24(5) DOI:https://doi.org/1081-1095. DOI: 10.1111/roie.12248
[17] Tovar, P. 2009. The effects of loss aversion on trade policy: Theory and evidence. Journal of International Economics, 78(1): 154-167.
[18] Yu, C., Nataliia, D., Yoo, S. and Wang, Y. 2019. Does trade openness convey a positive impact for the environmental quality? Evidence from a panel of CIS countries. Eurasian Geography and Economics, 60(3): 333-356. DOI: https://doi.org/10.1080/15387216.2019.1670087.
[2] Bernauer, T., and Nguyen, Q. 2015. Environmental Concerns and Individual Trade Policy Preferences in Developing Countries. World Trade Institute. Working Paper No. 2015/18
[3] Chancharoenchai, K. and Saraithong, W. (in press) “Trade Policy Preferences: A Case of Thailand” International Journal of Trade and Global Markets. DOI: https://doi.org/10.1504/IJTGM.2020.10033006
[4] Chiang, C.F., Liu, J.T. and Wen, T.W. 2013. Individual Preferences for Trade Partners in Taiwan," Economics and Politics, 25(1): 91-109.
[5] Fang, Z., Huang, B., and Yang, Z. 2018. Trade Openness and the Environmental Kuznets Curve: Evidence from Cities in the People’s Republic of China. ADBI Working Paper 882. Tokyo: Asian Development Bank Institute.
[6] Grossman, G. and Krueger, A. 1995. Economic Growth and the Environment. Quarterly Journal of Economics 110: 353–377.
[7] Jamal, A. and Milner, H. 2019. Economic Self-Interest, Information, and Trade Policy Preferences: Evidence from an Experiment in Tunisia. Review of International Political Economy, 26(4): 545-572.
[8] Kong, Y. and Khan, R. 2019. To examine environmental pollution by economic growth and their impact in an environmental Kuznets curve(EKC) among developed and developing countries. PLoS ONE, 14(3): e0209532. DOI: https://doi.org/10.1371/journal.pone.0209532
[9] Mayda, A.M. and Rodrik, D. 2005. Why Are Some People (and countries) More Protectionist Than Others?, European Economic Review, 49: 1393–1430. DOI: https://doi.org/10.1016/j.euroecorev.2004.01.002
[10] Murthy, K. and Gambhir, S. 2017. International trade and foreign direct investment: empirical testing of the trade–environment triangle. Transnational Corporations Review, 9(2): 122–134. DOI:https://doi.org/10.1080/19186444.2017.1326718
[11] O'Rourke, K.H. and Sinnott, R. 2001. The Determinants of Individual Trade Policy Preferences: International Survey Evidence. Brookings Trade Forum.
[12] Pasadilla, G.O. and Liao, C.M. 2004. Determinants of Individual Trade Policy Preference in the Philippines. Philippine Institute for Development Studies. Discussion Paper seriesNo. 2004-16.
[13] Saraithong, W. and Chancharoenchai, K. 2019. The Micro-Determinants of Public Policy: A Case of Thailand’s Trade Policy. International Journal of Public Administration, 42(13): 1135-1144. DOI:https://doi.org/10.1080/01900692.2019.1575855
[14] Scheve, K.F. and Slaughter, M.J. 2001. What Determines Individual Trade-policy Preferences? Journal of International Economics, 54: 267–292.
[15] Stolper, W. and Samuelson, P. 1941. Protection and Real Wages. Review of Economic Studies IX (November): pp. 58–73. Reprinted in R.E. Caves and H.G. Johnson (eds.) (1958) Readings in International Economics. London: Allen and Unwin.
[16] Tomiura, E., Ito, B., Mukunoki, H. and Wakasugi, R. 2016. Individual Characteristics, Behavioral Biases, and Trade Policy Preferences: Evidence from a Survey in Japan. Reviews of International Economics, 24(5) DOI:https://doi.org/1081-1095. DOI: 10.1111/roie.12248
[17] Tovar, P. 2009. The effects of loss aversion on trade policy: Theory and evidence. Journal of International Economics, 78(1): 154-167.
[18] Yu, C., Nataliia, D., Yoo, S. and Wang, Y. 2019. Does trade openness convey a positive impact for the environmental quality? Evidence from a panel of CIS countries. Eurasian Geography and Economics, 60(3): 333-356. DOI: https://doi.org/10.1080/15387216.2019.1670087.
Published
2021-12-01
How to Cite
CHANCHAROENCHAI, Kanokwan; SARAITHONG, Wuthiya.
Environment and Economic Benefits through the Preference for More Open Commercial Policy.
Journal of Environmental Management and Tourism, [S.l.], v. 12, n. 7, p. 1788 - 1795, dec. 2021.
ISSN 2068-7729.
Available at: <https://journals.aserspublishing.eu/jemt/article/view/6573>. Date accessed: 04 dec. 2024.
doi: https://doi.org/10.14505/jemt.v12.7(55).05.
Section
Article
Copyright© 2024 The Author(s). Published by ASERS Publishing 2024. This is an open access article distributed under the terms of CC-BY 4.0 license.