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Economic growth, international trade, and the depletion or conservation of renewable natural resources

Author

Listed:
  • Riekhof, Marie-Catherine
  • Regnier, Esther
  • Quaas, Martin F.

Abstract

Conservation of renewable natural resources and promotion of economic growth are both sustainable development goals. Here, we study the interdependency between economic growth, international trade, and the use of renewable natural resources—under alternative institutional settings of either open access or full property rights—in an endogenous growth model. We find that if the resource is depleted over time, consumption growth is reduced. Economic growth and international trade only impact resource use when the resource is harvested under full property rights. Then, widening international trade can lead countries to shift from conservation to depletion. Changes in the institutional setting of resource use in one country may have repercussions on trading partners. Our results indicate potential trade-offs between the sustainable development goals and imply that policies focusing on resource use or trade (e.g., international trade bans or certified trade) are not sufficient to prevent resource depletion.

Suggested Citation

  • Riekhof, Marie-Catherine & Regnier, Esther & Quaas, Martin F., 2019. "Economic growth, international trade, and the depletion or conservation of renewable natural resources," Journal of Environmental Economics and Management, Elsevier, vol. 97(C), pages 116-133.
    • Handle: RePEc:eee:jeeman:v:97:y:2019:i:c:p:116-133
    DOI: 10.1016/j.jeem.2018.04.008
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    Citations

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    Cited by:

    1. Batara Surya & Despry Nur Annisa Ahmad & Harry Hardian Sakti & Hernita Sahban, 2020. "Land Use Change, Spatial Interaction, and Sustainable Development in the Metropolitan Urban Areas, South Sulawesi Province, Indonesia," Land, MDPI, vol. 9(3), pages 1-43, March.
    2. Gersbach, Hans & Riekhof, Marie-Catherine, 2021. "Permit markets, carbon prices and the creation of innovation clusters," Resource and Energy Economics, Elsevier, vol. 65(C).
    3. Piotr F. Borowski, 2021. "Significance and Directions of Energy Development in African Countries," Energies, MDPI, vol. 14(15), pages 1-19, July.
    4. Bolson, Natanael & Yutkin, Maxim & Rees, William & Patzek, Tadeusz, 2022. "Resilience rankings and trajectories of world's countries," Ecological Economics, Elsevier, vol. 195(C).
    5. Louise Manning & Robert Smith & Gillian Conley & Luke Halsey, 2020. "Ecopreneurial Education and Support: Developing the Innovators of Today and Tomorrow," Sustainability, MDPI, vol. 12(21), pages 1-19, November.
    6. Syed Tauseef Hassan & Enjun Xia & Chien-Chiang Lee, 2021. "Mitigation pathways impact of climate change and improving sustainable development: The roles of natural resources, income, and CO2 emission," Energy & Environment, , vol. 32(2), pages 338-363, March.
    7. Alvarado, Rafael & Tillaguango, Brayan & López-Sánchez, Michelle & Ponce, Pablo & Işık, Cem, 2021. "Heterogeneous impact of natural resources on income inequality: The role of the shadow economy and human capital index," Economic Analysis and Policy, Elsevier, vol. 69(C), pages 690-704.
    8. Junia A. Purwandani & Gilbert Michaud, 2021. "What are the drivers and barriers for green business practice adoption for SMEs?," Environment Systems and Decisions, Springer, vol. 41(4), pages 577-593, December.
    9. Jasper N. Meya & Stefan Baumgärtner & Moritz A. Drupp & Martin F. Quaas, 2020. "Inequality and the Value of Public Natural Capital," CESifo Working Paper Series 8752, CESifo.
    10. Yu, Xiaofan & Wang, Jin, 2023. "Enhancing sustainable trade of mineral resources between China and African Great Lakes economies: Recommendations for action," Resources Policy, Elsevier, vol. 85(PB).

    More about this item

    Keywords

    Economic growth; International trade; Common-pool resource; Renewable resource; Property rights; Open access; Depletion; Conservation;
    All these keywords.

    JEL classification:

    • O44 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • F18 - International Economics - - Trade - - - Trade and Environment
    • F64 - International Economics - - Economic Impacts of Globalization - - - Environment

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