Renewable Resources as a Factor of Production in International Trade

This work provides an extensive review of the literature on trade and environmental issues that has been growing since the early 1990s. The gaps in this literature are identified and generalizations are provided from results that are scattered. Next, we contribute to this literature by studying a Ricardian model of trade, in which one of the sectors uses a renewable resource as a factor of production. The contribution lies in the study of trade and welfare through the full horizon of the welfare maximization problem, not relying in equilibrium analysis. This study is divided into small country case and a 2 country – 2 factor model….

Author: Anriquez Nilson, Gustavo Adolfo

Source: University of Maryland

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