Transboundary Renewable Resource and International Trade
AbstractWe develop a two-country, two-good model with a transboundary renewable resource. A transboundary renewable resource is an open-access resource that is shared by two countries. We characterize the autarkic steady state, then examine the patterns of trade and the post-trading steady-state utility levels. Although the resource stock is reduced by trade, both countries may still benefit from trade when they are specialized in production. We also show that the steady-state utility of a resource good importing country may be reduced by trade, even if it specializes in production of a non-resource good which we refer to as manufactures.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Research Institute of Economy, Trade and Industry (RIETI) in its series Discussion papers with number 09041.
Length: 30 pages
Date of creation: Aug 2009
Date of revision:
Contact details of provider:
Postal: 11th floor, Annex, Ministry of Economy, Trade and Industry (METI) 1-3-1, Kasumigaseki Chiyoda-ku, Tokyo, 100-8901
Web page: http://www.rieti.go.jp/
More information through EDIRC
This paper has been announced in the following NEP Reports:
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Hotte, Louis & Long, Ngo Van & Tian, Huilan, 2000. "International trade with endogenous enforcement of property rights," Journal of Development Economics, Elsevier, vol. 62(1), pages 25-54, June.
- H. Scott Gordon, 1954. "The Economic Theory of a Common-Property Resource: The Fishery," Journal of Political Economy, University of Chicago Press, vol. 62, pages 124.
- Brander, James A. & Scott Taylor, M., 1997.
"International trade between consumer and conservationist countries,"
Resource and Energy Economics,
Elsevier, vol. 19(4), pages 267-297, November.
- James Brander & M. Scott Taylor, 1997. "International Trade Between Consumer and Conservationist Countries," NBER Working Papers 6006, National Bureau of Economic Research, Inc.
- James R. Markusen, 1976. "Production and Trade from International Common Property Resources," Canadian Journal of Economics, Canadian Economics Association, vol. 9(2), pages 309-19, May.
- McWhinnie, Stephanie F., 2009.
"The tragedy of the commons in international fisheries: An empirical examination,"
Journal of Environmental Economics and Management,
Elsevier, vol. 57(3), pages 321-333, May.
- Stephanie McWhinnie, 2007. "The Tragedy of the Commons in International Fisheries: An Empirical Examination," School of Economics Working Papers 2007-05, University of Adelaide, School of Economics.
- Naoto Jinji, 2007. "International trade and renewable resources under asymmetries of resource abundance and resource management," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 37(4), pages 621-642, August.
- Michael Francis, 2005. "Trade and the enforcement of environmental property rights," Journal of International Trade & Economic Development, Taylor and Francis Journals, vol. 14(3), pages 281-298.
- David Levhari & Leonard J. Mirman, 1980. "The Great Fish War: An Example Using a Dynamic Cournot-Nash Solution," Bell Journal of Economics, The RAND Corporation, vol. 11(1), pages 322-334, Spring.
- James A. Brander & M. Scott Taylor, 1995.
"International Trade and Open Access Renewable Resources: The Small Open Economy Case,"
NBER Working Papers
5021, National Bureau of Economic Research, Inc.
- James A. Brander & M. Scott Taylor, 1997. "International Trade and Open-Access Renewable Resources: The Small Open Economy Case," Canadian Journal of Economics, Canadian Economics Association, vol. 30(3), pages 526-52, August.
- Ali Emami & Richard S. Johnston, 2000. "Unilateral Resource Management in a Two-Country General Equilibrium Model of Trade in a Renewable Fishery Resource," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 82(1), pages 161-172.
- Erwin Bulte & Richard Damania, 2005.
"A note on trade liberalization and common pool resources,"
Canadian Journal of Economics,
Canadian Economics Association, vol. 38(3), pages 883-899, August.
- Bulte, E.H. & Damania, R., 2005. "A note on trade liberalization and common pool resources," Open Access publications from Tilburg University urn:nbn:nl:ui:12-165070, Tilburg University.
- Munro, Gordon R. & Scott, Anthony D., 1985. "The economics of fisheries management," Handbook of Natural Resource and Energy Economics, in: A. V. Kneese† & J. L. Sweeney (ed.), Handbook of Natural Resource and Energy Economics, edition 1, volume 2, chapter 14, pages 623-676 Elsevier.
- James A. Brander & M. Scott Taylor, 1996.
"Open Access Renewable Resources: Trade and Trade Policy in a Two-CountryModel,"
NBER Working Papers
5474, National Bureau of Economic Research, Inc.
- Brander, James A. & Scott Taylor, M., 1998. "Open access renewable resources: Trade and trade policy in a two-country model," Journal of International Economics, Elsevier, vol. 44(2), pages 181-209, April.
- Gordon R. Munro, 1979. "The Optimal Management of Transboundary Renewable Resources," Canadian Journal of Economics, Canadian Economics Association, vol. 12(3), pages 355-76, August.
- Fischer, Ronald D. & Mirman, Leonard J., 1992. "Strategic dynamic interaction : Fish wars," Journal of Economic Dynamics and Control, Elsevier, vol. 16(2), pages 267-287, April.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (NUKATANI Sorahiko).
If references are entirely missing, you can add them using this form.