This paper explores the long–run development of an economy with a traditional sector based on common–pool resource-use, a modern, resource–independent sector with fixed entry costs, and an imperfect capital market. We show theoretically that introducing resource-use regulations increases...

The paper analyses the effect of interest rate changes on education and child labor in an economy with a high-skilled sector, a low-skilled sector and fragmented credit markets. The high-skilled sector takes educated labor as input. The low-skilled sector takes unskilled labor, physical capital...

This paper explores the long–run development of an economy with a traditional sector based on common-pool resource-use, a modern, resource-independent sector with fixed entry costs, and an imperfect capital market. We show theoretically that introducing resource-use regulations increases...

Many renewable natural resources have been extracted beyond sustainable levels. While some resource stocks have been subsequently recovered, others are still used at levels below their long-run optimum, causing substantial economic losses to resource users. We build a multi-period model of a...

How much do poor rural households rely on environmental extraction from natural ecosystems? And how does climate variability impact their livelihoods? This paper sheds light on these two questions with household income data from the Poverty and Environment Network pantropical data set, combined...