Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/171662
Authors: 
Noack, Frederik
Riekhof, Marie-Catherine
Quaas, Martin
Year of Publication: 
2015
Series/Report no.: 
Economics Working Paper Series 15/219
Abstract: 
This paper explores the long–run development of an economy with a traditional sector based on common–pool resource-use, a modern, resource–independent sector with fixed entry costs, and an imperfect capital market. We show theoretically that introducing resource-use regulations increases incomes in the traditional sector and that this can trigger a development process with labor reallocation to the modern sector. Allowing trade of resource-use rights, or distributing resource-use rights unequally, broadens the scope for development.
Subjects: 
natural resources and development
use rights and development
wealth distribution and occupational choice
JEL: 
Q28
Q20
O13
O15
O44
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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