International trade and open-access renewable resources: the small open economy case
International trade and open-access renewable resources: the small open economy case
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DOI：
10.2307/136232
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发表时间：
1997-08-01
影响因子：
1.6
通讯作者：
Taylor, MS
中科院分区：
文献类型：
--
作者：
Brander, JA;Taylor, MS
我们研究了一个小型的开放经济与开放获取可再生资源。使用两部门一般均衡模型，我们的特征自给自足的稳态，然后表明，贸易降低了稳态效用的多元化资源出口国。当贸易开放时会产生瞬时收益，但它们会被持续的资源消耗所侵蚀。适当的贴现率会使效用的现值福尔斯下降，贸易条件的“改善”可能会降低福利。我们还表明，自给自足的价格，贸易模式和生产结构都与一个简单的内在资源增长率与劳动力供给的比率。
We examine a small open economy with an open-access renewable resource. Using a two-sector general equilibrium model, we characterize the autarkic steady state, and then show that trade reduces steady-state utility for a diversified resource exporter. Instantaneous gains occur as trade opens, but they are eroded by ongoing resource depletion, The present value of utility falls for appropriate discount rates, and terms of trade 'improvements' may be welfare reducing. We also show that autarky prices, the pattern of trade, and the structure of production all are linked to a simple ratio of the intrinsic resource growth rate to labour supply.