North-South trade and the dynamics of the environment, Chapter 2.2
AbstractThis paper develops a dynamic model of North-South trade in which environment plays an important role. Our model is based on Chichilnisky North-South model for the macroeconomic interaction between two sectors of the world economy. The latter was introduced in a static context. We introduce dynamics in the original North-South model by allowing endogenous accumulation of capital. As a second extension of , we introduce here a variable which represents the system of property rights on the environmental asset which is used as an input to production. This could represent, for example, the property rights on forests from which wood is extracted to be used as an input to the production of traded goods or the property rights on water which is similarly used, perhaps for agricultural goods for export. The paper explains mathematically and through simulations the dynamics of a two-region world. There are two produced goods and two inputs to production. We show that as we vary the property rights of the environment the dynamics of the system changes. The less well defined are the property rights, the more chaotic are the model's dynamics.
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 University Library of Munich, Germany in its series MPRA Paper with number 8818.
Date of creation: 1998
Date of revision:
north-south trade; property rights; environmental assets;
Find related papers by JEL classification:
- D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
- F18 - International Economics - - Trade - - - Trade and Environment
- Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
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.:
- Chichilnisky, G., 1993.
"North-South Trade and the Dynamics of Renewable Resources,"
1993_02, Columbia University, Department of Economics.
- Chichilnisky, Graciela, 1993. "North-South trade and the dynamics of renewable resources," Structural Change and Economic Dynamics, Elsevier, vol. 4(2), pages 219-248, December.
- Chichilnisky, G., 1993. "North-South Trade and the Dynamics of Renewable Resources," Papers 93-15, Columbia - Graduate School of Business.
- Chichilnisky, Graciela, 1981. "Terms of trade and domestic distribution : Export-led growth with abundant labour," Journal of Development Economics, Elsevier, vol. 8(2), pages 163-192, April.
- Chichilnisky, Graciela, 1985. "International trade in resources: a general equilibrium analysis," MPRA Paper 8356, University Library of Munich, Germany.
- Chichilnisky,Graciela & Heal,Geoffrey M., 2005.
"The Evolving International Economy,"
Cambridge University Press, number 9780521310017, October.
- Chichilnisky, Graciela, 1986. "A general equilibrium theory of North-South trade," MPRA Paper 8810, University Library of Munich, Germany.
- repec:fth:coluec:644 is not listed on IDEAS
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ekkehart Schlicht).
If references are entirely missing, you can add them using this form.