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Trade and the Risk of Renewable-Resource Collapse

机译:贸易与可再生资源崩溃的风险

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Does international trade increase the risk of renewable-resource collapse? We show that the answer is affirmative if trade increases the variety of goods and the resource is harvested under open access. Then there is increased likelihood of collapse both as a steady-state outcome and following shocks to the stock. Two separate mechanisms underlie the results. (1) Trade gives resource harvesters access to new varieties of goods. To enable buying these goods, they exert more harvesting effort. (2) The resource constitutes a new variety for other countries, implying that the resource price increases with trade openness, especially when the stock is small, which makes the resource "exclusive." Unlike in the existing literature, which predicts that trade cannot lead to collapse, each of our two mechanisms can cause collapse and they both increase the vulnerability to shocks. We present several examples of collapses that can plausibly be attributed to each of the mechanisms.
机译:国际贸易会增加可再生资源崩溃的风险吗?我们表明,如果贸易增加了商品的种类,并且资源是在开放获取下收获的,那么答案是肯定的。然后,作为稳态结果和股票遭受冲击之后,崩溃的可能性增加。结果是两个独立的机制。 (1)贸易使资源收获者获得了新品种的商品。为了能够购买这些商品,他们需要付出更多的努力。 (2)该资源构成其他国家的新品种,这意味着资源价格随贸易开放程度而增加,尤其是在库存较小的情况下,这使该资源成为“排他性的”。不同于现有文献中的预测贸易不会导致崩溃的文献,我们的两种机制都可能导致崩溃,并且它们都增加了冲击的脆弱性。我们提供了崩溃的几个示例,这些崩溃可以合理地归因于每种机制。

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