Affiliation:
1. Darden Business School, University Boulevard 1, Charlottesville, VA (e-mail: ).
Abstract
With newly available data, I investigate to what extent countries' international trade exploits the very uneven water resources on a global scale. I find that water is a source of comparative advantage and that relatively water abundant countries export more water-intensive products. Additionally, water contributes significantly less to the pattern of exports than the traditional production factors labor and physical capital. This suggests relatively moderate disruptions to overall trade on a global scale due to changing precipitation in the wake of climate change. (JEL F14, O13, O19, Q15, Q25, Q54)
Publisher
American Economic Association
Subject
General Economics, Econometrics and Finance
Cited by
56 articles.
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