We examine the effects of environmental policies such as a subsidy for reforestation and an export-income tax in a small open economy with a re- newable resource. In the small economy, the harvested renewable resources are exported to acquire foreign assets and consumers can invest in the...

We construct a small open economy model with a renewable resource. Households have an endogenous time preference rate that depends on the level of the renewable resource in the domestic economy. Although households know that the degree of own patience depends on its resource, we assume that...

We examine the effects of environmental policies such as a subsidy for reforestation and an export-income tax in a small open economy with a renewable resource. In the small economy, the harvested renewable resources are exported to acquire foreign assets and consumers can invest in the natural...