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Trade in a world with recyclable resources

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  • Robbert Maseland

Abstract

This paper examines the welfare-impact of trade from the premise that resources are limited and all goods in the long run consist of recyclable resources. It argues that export (import) of finished goods implies export (import) of the resources of which these goods exist. Trade affects the resource endowments and future production capacity of countries. It is shown that trade entails a voluntary sacrifice of future production capacity for resource-exporting countries.

Suggested Citation

  • Robbert Maseland, 2009. "Trade in a world with recyclable resources," DEGIT Conference Papers c014_008, DEGIT, Dynamics, Economic Growth, and International Trade.
    • Handle: RePEc:deg:conpap:c014_008
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    File URL: http://degit.sam.sdu.dk/papers/degit_14/c014_008.pdf
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