International trade and structural change: a dynamic model of weak sustainability

Louis Dupuy

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Abstract: We present a dynamic Heckscher-Ohlin model to study structural change in a sus- tainability context. We show how resource rich economies maximising steady-state con- sumption should adopt different development strategies depending on the distribution of domestic wealth instruments (assets). Owing to the diversity of development strategies available to both natural resource rich and produced capital rich countries, trade liberal- isation is not necessarily the best outcome for sustainability in both types of countries. We offer to amend Adjusted Net Savings (ANS) to include in the indicator trade-induced specialisation gains from trade to fund structural change and diversification, against eco- nomic incentives for specialisation.

Keywords: Sustainability; International Trade; Heckscher-Ohlin models; Structural Change (search for similar items in EconPapers)
Date: 2015-05-06
New Economics Papers: this item is included in nep-env
Note: View the original document on HAL open archive server: https://hal.science/hal-01149131
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Citations: View citations in EconPapers (1)

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Working Paper: International trade and structural change: a dynamic model of weak sustainability (2015)
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