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Sustainability in closed and open economies

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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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