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政大機構典藏 > 社會科學學院 > 經濟學系 > 期刊論文 > Item 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
DOI:	10.1016/j.iref.2014.08.007
Appears in Collections:	[經濟學系] 期刊論文

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