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policy may even imply an increased resource use. In this case, a large part of the sustainability objective is met by … substituting domestic resource extraction by imports. When sustainability is modelled in an inter temporal, competitive framework …, the paper shows that the sustainability rule will not lead to a slower rate of extraction of the resource. …
Persistent link: https://www.econbiz.de/10009276121
This paper discusses unilateral sustainability policies for tradable resources in closed and open economies. The … effects of sustainability policies are modelled in an intertemporal, competitive framework by applying different … sustainabilityrules which are introduced unilaterally in the domestic country. The paper shows that no sustainability rule will lead to a …
Persistent link: https://www.econbiz.de/10014075194
Persistent link: https://www.econbiz.de/10013260969
This paper critically assesses the literature on the relationship between economic integration and the environment. In particular, we investigate how trade liberalisation and capital market integration affect environmental policy and thus environmental quality. Conversely, we also study how...
Persistent link: https://www.econbiz.de/10011608396
This paper critically assesses the literature on the relationship between economic integration and the environment. In particular, we investigate how trade liberalization and capital market integration affect environmental policy and thus environmental quality. Conversely, we also study how...
Persistent link: https://www.econbiz.de/10014213946
This paper presents a macroeconomic approach to sustainable growth. After clarifying the concept of sustainability, the …
Persistent link: https://www.econbiz.de/10009623407
This paper introduces finance or credit in the Dixit-Stiglitz-Krugman (DSK) model of international trade. It identifies mechanisms by which finance can affect the main results of the conventional model. The key results are as follows. Perfect credit market does not affect number of varieties or...
Persistent link: https://www.econbiz.de/10013262745
The paper shows that interjurisdictional competition for mobile factors of production forces the government to raise the efficiency of the public sector and, thus, helps to tame Leviathan governments. However, this result is derived under some restrictive assumptions concerning the kind of tax...
Persistent link: https://www.econbiz.de/10011540223
limited, which seems to be crucial for today's sustainability debate. …
Persistent link: https://www.econbiz.de/10011325110
Traditional resource economics has been criticised for assuming too high elasticities of substitution, not observing material balance principles and relying too much on planner solutions to obtain long-term growth. By analysing a multi-sector R&Dbased endogenous growth model with exhaustible...
Persistent link: https://www.econbiz.de/10011753091