Yanase, Akihiho - In: Economics Bulletin 33 (2013) 1, pp. 226-233
This study considers a small open economy in which two tradable final goods are produced by using a non-tradable resource good, which has an open-access property, as an input as well as a primary factor. If the intrinsic growth rate of the resource is relatively low, there may be no non-trivial...