Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/36855
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dc.contributor.authorLópez, Ramónen_US
dc.contributor.authorSchiff, Mauriceen_US
dc.date.accessioned2010-05-07en_US
dc.date.accessioned2010-07-23T09:33:38Z-
dc.date.available2010-07-23T09:33:38Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/36855-
dc.description.abstractCommodity price increases associated with the entry of China, India and other countries into the world economy has led to increased pressure on common-property renewable natural resources (NR). The problem is particularly worrisome for economies that obtain a large share of their income from the exploitation of NR in the production of an exportable commodity. This paper contributes to the analysis by examining the issue in the framework of a general equilibrium dynamic model and by solving for both the steady state and the transition dynamics. We show that i) a resource-rich, capital-poor economy is more likely to be subject to a natural resource curse and complete (irreversible) NR depletion; ii) the latter's likelihood rises with the relative commodity price and labor inflow; iii) a labor inflow under internal equilibrium results in a higher steady-state capital-labor ratio and manufacturing output, and unchanged NR and commodity output; iv) import and export taxes result in a larger steady-state NR and commodity output and a smaller capital stock and manufacturing output, and may prevent complete NR depletion; and v) the latter may also be prevented through capital inflows (foreign aid) and labor outflow (openness by the North), improved regulation, technical change and a production tax.en_US
dc.language.isoengen_US
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen_US
dc.relation.ispartofseries|aDiscussion paper series // Forschungsinstitut zur Zukunft der Arbeit |x4923en_US
dc.subject.jelF22en_US
dc.subject.jelO13en_US
dc.subject.jelO15en_US
dc.subject.jelQ17en_US
dc.subject.jelQ27en_US
dc.subject.ddc330en_US
dc.subject.keywordRenewable natural resourcesen_US
dc.subject.keyworddepletionen_US
dc.subject.keywordtransition dynamicsen_US
dc.subject.keywordsteady stateen_US
dc.subject.keywordtradeen_US
dc.subject.keywordmigrationen_US
dc.subject.keywordcapital flowsen_US
dc.subject.stwErneuerbare Ressourcenen_US
dc.subject.stwNachwachsender Rohstoffen_US
dc.subject.stwAußenwirtschaften_US
dc.subject.stwInternationale Arbeitsteilungen_US
dc.subject.stwDutch Diseaseen_US
dc.subject.stwDynamisches Gleichgewichten_US
dc.subject.stwStationäre Volkswirtschaften_US
dc.subject.stwInternationale Arbeitsmobilitäten_US
dc.subject.stwKapitalmobilitäten_US
dc.subject.stwRohstoffpreisen_US
dc.subject.stwTheorieen_US
dc.titleTrade and migration with renewable natural resources: Out-of-steady-state dynamicsen_US
dc.type|aWorking Paperen_US
dc.identifier.ppn625728513en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-

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