Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/36855 
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dc.contributor.authorLópez, Ramónen
dc.contributor.authorSchiff, Mauriceen
dc.date.accessioned2010-05-07-
dc.date.accessioned2010-07-23T09:33:38Z-
dc.date.available2010-07-23T09:33:38Z-
dc.date.issued2010-
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
dc.language.isoengen
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen
dc.relation.ispartofseries|aIZA Discussion Papers |x4923en
dc.subject.jelF22en
dc.subject.jelO13en
dc.subject.jelO15en
dc.subject.jelQ17en
dc.subject.jelQ27en
dc.subject.ddc330en
dc.subject.keywordRenewable natural resourcesen
dc.subject.keyworddepletionen
dc.subject.keywordtransition dynamicsen
dc.subject.keywordsteady stateen
dc.subject.keywordtradeen
dc.subject.keywordmigrationen
dc.subject.keywordcapital flowsen
dc.subject.stwErneuerbare Ressourcenen
dc.subject.stwNachwachsender Rohstoffen
dc.subject.stwAußenwirtschaften
dc.subject.stwInternationale Arbeitsteilungen
dc.subject.stwDutch Diseaseen
dc.subject.stwDynamisches Gleichgewichten
dc.subject.stwStationäre Volkswirtschaften
dc.subject.stwInternationale Arbeitsmobilitäten
dc.subject.stwKapitalmobilitäten
dc.subject.stwRohstoffpreisen
dc.subject.stwTheorieen
dc.titleTrade and migration with renewable natural resources: Out-of-steady-state dynamics-
dc.type|aWorking Paperen
dc.identifier.ppn625728513en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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