The purpose of the present paper is to understand general equilibrium implications of international 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 equilibrium (CGE) modelling as our relevant methodology following Shoven and Whalley (J Econ Lit XXII: 1984). Constructing an energy/environmental social accounting matrix (SAM), paper attempts to purport the effects of liberalized trade over different macroeconomic aspects, energy consumption 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 variables and domestic physical environment under both perfect and monopolistic competition market structure assumption.

Strategic trade refers to international trade under market imperfections. The purpose of the article is to comprehend general equilibrium implications of trade liberalization on Indian macroeconomic aspects under alternative market structures. We applied computable general equilibrium (CGE) modelling as our relevant methodology following Shoven and Whalley, (1984). Constructing a four sector social accounting matrix (SAM) for India, the article attempts to purport the effects of liberalized trade over different macroeconomic aspects under monopolistic competition and compared the results with the same obtained under benchmark perfect competition scenario. Our study reveals that trade under imperfect competition could not produce any greater domestic output, expansion of trade in terms of volume of export and import and gains from trade as compared to standard perfect competition scenario.

The purpose of this article is to understand general equilibrium impacts of international trade and globalization on social welfare and environmental emission caused on account of energy consumption by industries and households. We applied Computable General Equilibrium (CGE) modelling as the relevant methodology following Shoven and Whalley (1984). By constructing an energy/environmental Social Accounting Matrix (SAM), this article attempts to measure the effects of trade liberalization on different macroeconomic variables, energy consumption and green house gas (GHG) emission. We simulate various trade related policies like import liberalization, foreign capital inflow and use of energy saving technologies under both perfect and monopolistic competition.

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