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Common ground between free-traders and environmentalists

Common ground between free-traders and environmentalists
Common ground between free-traders and environmentalists
We use a North–South model with property right differences and resource dynamics to study the effects of trade on resource use and welfare. Autarky is likely to Pareto-dominate free trade in the long run when the environment is quite fragile, and the result is reversed when the environment is quite resilient. Trade may cause an environmentally poor country to “drag down” its richer trading partner, when they degrade their stocks which would be preserved under autarky. It may enable the environmentally richer country to “pull up” its partner, when they preserve their stocks which would be degraded under autarky.
0020-6598
617-648
Karp, L.S.
261a5c1b-3f91-478a-bf2e-62793dba16fb
Sacheti, S.
fd06f821-5648-4153-9c17-676e8416afcf
Zhao, J.
5807b9d4-d0e4-4992-a69b-c276636c1691
Karp, L.S.
261a5c1b-3f91-478a-bf2e-62793dba16fb
Sacheti, S.
fd06f821-5648-4153-9c17-676e8416afcf
Zhao, J.
5807b9d4-d0e4-4992-a69b-c276636c1691

Karp, L.S., Sacheti, S. and Zhao, J. (2001) Common ground between free-traders and environmentalists. International Economic Review, 42 (3), 617-648.

Record type: Article

Abstract

We use a North–South model with property right differences and resource dynamics to study the effects of trade on resource use and welfare. Autarky is likely to Pareto-dominate free trade in the long run when the environment is quite fragile, and the result is reversed when the environment is quite resilient. Trade may cause an environmentally poor country to “drag down” its richer trading partner, when they degrade their stocks which would be preserved under autarky. It may enable the environmentally richer country to “pull up” its partner, when they preserve their stocks which would be degraded under autarky.

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More information

Published date: 2001

Identifiers

Local EPrints ID: 33488
URI: http://eprints.soton.ac.uk/id/eprint/33488
ISSN: 0020-6598
PURE UUID: 2906ac71-f8de-495f-93e4-a00c1b067531

Catalogue record

Date deposited: 16 May 2006
Last modified: 09 Jan 2022 09:55

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Contributors

Author: L.S. Karp
Author: S. Sacheti
Author: J. Zhao

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