Environmental Preservation, Sectoral Unemployment, and Trade in Resources

Chi-Chur Chao, Joe R. Kerkvliet and Eden Yu

Review of Development Economics, 2000, vol. 4, issue 1, 39-50

Abstract: This paper develops a general equilibrium model to examine the optimal level of environmental preservation in terms of its costs and benefits for a closed as well as an open economy. The optimal preservation policy for a closed economy is to tax the general population and use the tax revenue to compensate affected workers. Furthermore, for a small open economy, free trade in resources can meet whatever shortage of domestic productive resources that may occur, thereby leading to a higher optimal level of environmental preservation.

Date: 2000
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