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Open Access Renewable Resources: Trade and Trade Policy in a Two-CountryModel / James A. Brander, M. Scott Taylor.
- Format:
- Book
- Author/Creator:
- Brander, James A.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w5474.
- NBER working paper series no. w5474
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Other Title:
- Open Access Renewable Resources
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 1996.
- Summary:
- This paper develops a two-good, two-country model with national open access renewable resources. We derive an appropriate analog of `factor proportions' for the renewable resource case and link it to trade patterns and to the likelihood of diversified production. The resource importer gains from trade. However, a diversified resource exporting country necessarily suffers a decline in steady state utility resulting from trade, and may lose along the entire transition path. Thus the basic `gains from trade' presumption is substantially undermined by open access resources. Tariffs imposed by the resource importing country always benefit the resource exporter, and may be pareto-improving.
- Notes:
- Print version record
- March 1996.
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