IDEAS home Printed from https://ideas.repec.org/a/wly/canjec/v33y2000i1p122-132.html
   My bibliography  Save this article

Renewable resources and the gains from trade

Author

Listed:
  • Rögnvaldur Hannesson

Abstract

The Brander‐Taylor small, open‐economy model of trade in a renewable resource and other goods is modified to allow for diminishing returns in the other goods sector. It is shown that opening up for trade may result in steady‐state gains from trade, even when there is open access to the resource and the country does not specialize fully in resource extraction. It is also shown that transition to optimal management, with price‐taking behaviour, may result in a welfare loss. Resources renouvelables et gains en provenance du commerce international. L'auteur modifie le modèle Brander‐Taylor de commerce international d'une ressource renouvelable et d'autres biens dans le cas d'une petite économie ouverte afin de tenir compte des rendements décroissants dans le secteur des autres biens. On montre que I'ouverture au commerce international peut entraîner des gains en provenance de l'échange international en régime permanent, et ce même quand l'accès à la ressource est ouvert et que le pays ne se spécialise pas dans l'extraction de la ressource. On montre que dans la période de transition vers un management optimal, quand il y a ajustement aux prix de marché, il peut y avoir perte de bien‐être.

Suggested Citation

  • Rögnvaldur Hannesson, 2000. "Renewable resources and the gains from trade," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 33(1), pages 122-132, February.
    • Handle: RePEc:wly:canjec:v:33:y:2000:i:1:p:122-132
    DOI: 10.1111/0008-4085.00008
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/0008-4085.00008
    Download Restriction: no
    File URL: https://libkey.io/10.1111/0008-4085.00008?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Abman,Ryan Michael & Lundberg,Clark Christopher & Ruta,Michele, 2021. "The Effectiveness of Environmental Provisions in Regional Trade Agreements," Policy Research Working Paper Series 9601, The World Bank.
    2. Benchekroun, Hassan & Ray Chaudhuri, Amrita & Tasneem, Dina, 2020. "On the impact of trade in a common property renewable resource oligopoly," Journal of Environmental Economics and Management, Elsevier, vol. 101(C).
    3. Zhang Wei-Bin, 2011. "Renewable Resources, Capital Accumulation, and Economic Growth," Business Systems Research, Sciendo, vol. 2(1), pages 24-35, January.
    4. Andreas Freytag & Christoph Vietze, 2013. "Can nature promote development? The role of sustainable tourism for economic growth," Journal of Environmental Economics and Policy, Taylor & Francis Journals, vol. 2(1), pages 16-44, March.
    5. Edwards, Eric C. & Go, Dong-Hun & Oladi, Reza, 2020. "Predator–prey dynamics in general equilibrium and the role of trade," Resource and Energy Economics, Elsevier, vol. 61(C).
    6. Wei-Bin Zhang, 2015. "Oscillations in a Growth Model with Endogenous Wealth, Resource, Housing, and Elastic Labour Supply," International Journal of Economics and Empirical Research (IJEER), The Economics and Social Development Organization (TESDO), vol. 3(9), pages 458-472, September.
    7. Zhang Wei-Bin, 2011. "Economic Growth And Dynamics Of Renewable Resource With Housing, Agricultural And Resource Land Use," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 6(2), pages 151-174, August.
    8. Horatiu A. Rus, 2006. "Renewable Resources, Pollution and Trade in a Small Open Economy," Working Papers 2006.140, Fondazione Eni Enrico Mattei.
    9. Eisenbarth, Sabrina, 2022. "Do exports of renewable resources lead to resource depletion? Evidence from fisheries," Journal of Environmental Economics and Management, Elsevier, vol. 112(C).
    10. Dube, Isha & Quaas, Martin, 2024. "Love of variety and the welfare effects of trade in renewable resources," Journal of Environmental Economics and Management, Elsevier, vol. 125(C).
    11. ZHANG Wei-Bin, 2015. "Values Of Land And Renewable Resources In A Three-Sector Economic Growth Model," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 10(1), pages 156-186, April.
    12. Quaas, Martin F. & Stöven, Max T., 2014. "New trade in renewable resources and consumer preferences for diversity," Economics Working Papers 2014-08, Christian-Albrechts-University of Kiel, Department of Economics.
    13. Nielsen, Max, 2006. "Trade liberalisation, resource sustainability and welfare: The case of East Baltic cod," Ecological Economics, Elsevier, vol. 58(3), pages 650-664, June.
    14. Sabau, Gabriela & Boksh, F.I.M. Muktadir, 2017. "Fish Trade Liberalization Under 21st Century Trade Agreements: The CETA and Newfoundland and Labrador Fish and Seafood Industry," Ecological Economics, Elsevier, vol. 141(C), pages 222-233.
    15. Horatiu A. Rus, 2016. "Renewable Resources, Pollution and Trade," Review of International Economics, Wiley Blackwell, vol. 24(2), pages 364-391, May.
    16. Wei-Bin Zhang, 2017. "Growth with Endogenous Capital, Knowledge, and Renewable Resources," Romanian Statistical Review, Romanian Statistical Review, vol. 65(1), pages 19-37, March.
    17. Naoto Jinji, 2006. "International trade and terrestrial open-access renewable resources in a small open economy," Canadian Journal of Economics, Canadian Economics Association, vol. 39(3), pages 790-808, August.
    18. Erwin H. Bulte & Richard Damania, 2005. "A note on trade liberalization and common pool resources," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 38(3), pages 883-899, August.
    19. Wei-Bin ZHANG, 2014. "Human Capital, Wealth, and Renewable Resources," Expert Journal of Economics, Sprint Investify, vol. 2(1), pages 1-20.
    20. Asche, Frank & Smith, Martin D., 2010. "Trade and fisheries: Key issues for the World Trade Organization," WTO Staff Working Papers ERSD-2010-03, World Trade Organization (WTO), Economic Research and Statistics Division.
    21. Gars, Johan & Spiro, Daniel, 2014. "Uninsurance through Trade," Memorandum 13/2014, Oslo University, Department of Economics.
    22. Abman, Ryan & Lundberg, Clark & Szmurlo, Daniel, 2022. "Trade, Emissions, and Environmental Spillovers: Issue Linkages in Regional Trade Agreements," 2022 Annual Meeting, July 31-August 2, Anaheim, California 322511, Agricultural and Applied Economics Association.
    23. Bergeron, Nancy, 2002. "International Trade and Conservation with Costly Natural Resource Management," Cahiers de recherche 0204, GREEN.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wly:canjec:v:33:y:2000:i:1:p:122-132. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://doi.org/10.1111/(ISSN)1540-5982 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.