Sustainability in closed and open economies

dc.creator	Klepper, Gernot
dc.creator	Stähler, Frank
dc.date	1998
dc.date.accessioned	2013-10-16T06:12:40Z
dc.date.available	2013-10-16T06:12:40Z
dc.date.issued	2013-10-16
dc.identifier	Review of international economics 0965-7576 6 1998 3 488-506
dc.identifier	doi:10.1111/1467-9396.00120
dc.identifier	http://hdl.handle.net/10419/1775
dc.identifier	ppn:261267914
dc.identifier.uri	http://koha.mediu.edu.my:8181/xmlui/handle/10419/1775
dc.description	This paper discusses unilateral sustainability policies for tradable resources in closed and open economies. The effects of sustainability policies are modeled 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. Unilateral policies will lead to an “import of sustainability.” 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.rights	http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject	ddc:330
dc.subject	Ressourcenökonomik
dc.subject	Außenwirtschaftstheorie
dc.subject	Nachhaltige Entwicklung
dc.subject	Umweltpolitik
dc.subject	Theorie
dc.title	Sustainability in closed and open economies
dc.type	doc-type:article

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