Dynamic analysis of a renewable resource in a small open economy: The role of environmental policies for the environment

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 natural resource to preserve it. In the setup, we show how the environmental policies affect the natural resource and the domestic economy.

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Year of publication:	2010-07
Authors:	Futagami, Koichi ; Nakamoto, Yasuhiro
Institutions:	Graduate School of Economics, Osaka University
Subject:	Renewable resources \| The effects of environmental policies

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Series:	Discussion Papers in Economics and Business.
Type of publication:	Book / Working Paper
Notes:	Number 10-21-Rev. 45 pages
Classification:	F41 - Open Economy Macroeconomics ; H21 - Efficiency; Optimal Taxation ; Q28 - Government Policy
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010938662