International Trade and Open Access Renewable Resources: The Small Open Economy Case
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This paper develops a two-sector general equilibrium model of an economy with an open access renewable resource. We characterize the autarkic steady state, showing that autarky prices (and 'comparative advantage') are determined by the ratio of intrinsic resource growth to labor. Under free trade,
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美国国家经济研究局创建时间：
1995-02-01
