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Friction or cooperation? Boosting the global economy and fighting climate change in the post-pandemic era

Economics

Friction or cooperation? Boosting the global economy and fighting climate change in the post-pandemic era

Z. Yang, J. Wei, et al.

This research by Zhenshan Yang, Jianan Wei, and Quansheng Ge utilizes the GTAP model to explore how trade friction is affecting global economic recovery and climate change post-COVID-19. The study reveals that trade friction not only slows down economic recovery but also hampers CO2 emission reduction efforts, particularly impacting developing economies more severely.

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