Takarada, Yasuhiro; Ogawa, Takeshi; Dong, Weijia - 2012
This paper examines the effects of international trade and resource management in a two-country model where each … resources). We show that contrary to conventional wisdom, an opening up of trade is likely to raise the steady state utility of … state, a resource-good importing country should implement stricter resource management after trade than under autarky but it …