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https://ah.nccu.edu.tw/handle/140.119/111961
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| Title: | How could the non-sustainable Easter Island have been sustained? |
| Authors: | 賴景昌 Chu, C.Y. Cyrus Lai, Ching-Chong Liao, Chih-Hsing |
| Contributors: | 經濟學系 |
| Keywords: | Endogenous growth;Environmental policy;Renewable resources |
| Date: | 2014-11 |
| Issue Date: | 2017-08-15 17:00:56 (UTC+8) |
| Abstract: | The collapsing scenario of Easter Island has been analyzed by Brander and Taylor (1998) as a predator-prey model in a Malthusian world, in which the household is only concerned with its instantaneous utility. This paper develops an endogenous growth model with a renewable resource and analyzes the possibly non-sustainable growth as a steady state, in spite of the household being deeply concerned with all its future lifetime utility. Our analysis shows that the ignorance of future lifetimes in present decision-making is indeed crucial to economic non-sustainability. We then examine whether a deforestation tax set by the government could have reduced the resource exploration rate and thereby held back the economic collapse. We also demonstrate using phase-diagrams how such a tax can switch the economic dynamics from non-sustainability to sustainability. © 2014 Elsevier Inc. |
| Relation: | International Review of Economics and Finance, 34, 161-174 |
| Data Type: | article |
| DOI 連結: | http://dx.doi.org/10.1016/j.iref.2014.08.007 |
| Appears in Collections: | [經濟學系] 期刊論文 |
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