Arbeitspapier
Accumulation, Structural Change, and External Balances in a World with Internationally Traded Environmental Assets
Environmental literature has largely neglected macroeconomic considerations, especially open economy ones. This paper develops a small country framework that seeks to address these issues. Medium- and long-run aspects are explored using standard trade and portfolio balance models, modified to incorporate trade in claims on non-renewable resources (environmental assets). In the medium-run, changes in environmental regulations, saving behavior, and other variables affect the current account, investment, and composition of output. In the long-run, both the sectoral intensity of environment use and the structure of the economy are affected, as are the capital stock and the global distribution of claims on resources. JEL Categories:
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Paper ; No. 2013-03
- Klassifikation
-
Wirtschaft
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Razmi, Arslan
- Ereignis
-
Veröffentlichung
- (wer)
-
University of Massachusetts, Department of Economics
- (wo)
-
Amherst, MA
- (wann)
-
2013
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
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Objekttyp
- Arbeitspapier
Beteiligte
- Razmi, Arslan
- University of Massachusetts, Department of Economics
Entstanden
- 2013
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