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| Author: | Karp, L. Sacheti, S. Zhao, J. |
| Title: | Common ground between free-traders and environmentalists |
| Journal: | International Economic Review
2001 : AUG, VOL. 42:3, p. 617-647 |
| Index terms: | Free trade Environmental quality Environmental economics Econometric models Pareto law |
| Freeterms: | Autarky |
| Language: | eng |
| Abstract: | The authors 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 richere trading partner, when they degrade their stocks which would be preserved under autarky. |
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