Sustainability in closed and open economies

dc.creator	Klepper, Gernot
dc.creator	Stähler, Frank
dc.date	1996
dc.date.accessioned	2013-10-16T06:05:16Z
dc.date.available	2013-10-16T06:05:16Z
dc.date.issued	2013-10-16
dc.identifier	http://hdl.handle.net/10419/895
dc.identifier	ppn:21273329X
dc.identifier.uri	http://koha.mediu.edu.my:8181/xmlui/handle/10419/895
dc.description	This paper discusses unilateral sustainability policies for tradable resources in closed and open economies. The effects of sustainability policies are modelled in an intertemporal, competitive framework by applying different sustainability rules which are introduced unilaterally in the domestic country. The paper shows that no sustainability rule will lead to a slower rate of extraction of the resource. Instead, resource extraction is increased in both countries. It is also shown that the foreign country may well gain in terms of consumption and real income from such unilateral sustainability policies but not in terms of sustainability.
dc.language	eng
dc.publisher	Kiel Institute for the World Economy (IfW) Kiel
dc.relation	Kiel Working Papers 741
dc.rights	http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject	ddc:330
dc.subject	International trade
dc.subject	factor mobility
dc.subject	sustainability
dc.subject	international environmental problems
dc.title	Sustainability in closed and open economies
dc.type	doc-type:workingPaper

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