Is free trade good for renewable resources? Brander and Taylor redux
本文扩展了Brander和Taylor的开放获取可再生资源贸易模型,引入异质性、政策严格度函数和实证方法,以回应三个常见批评,帮助评估自由贸易对资源的影响。
Abstract This paper generalizes the original Brander and Taylor model of open‐access renewable resource use and trade to address three common critiques. First, I introduce heterogeneity across agents in harvesting productivity to smooth out the model's extreme specialization patterns while maintaining its Ricardian structure and tractability. Second, I move beyond the original assumption of open access by constructing a policy stringency function allowing for partial, first‐best, and endogenous resource policy. Third, by exploiting the smooth substitution possibilities generated by agent heterogeneity and the insight that policy stringency functions are likely to vary across countries, I show how the model's core predictions can be evaluated using empirical methods related to those in growth econometrics.