Saving household production-cum-consumption time: implications for international trade in trash

Ngo Long

CIRANO Working Papers from CIRANO

Abstract: This paper revisits trade theory under the Gossenian theme that consumption takes time. We show how the substitutability between time-intensive household-produced consumption goods and time-saving commercially produced consumption goods (which save households’ consumption and production time) together with capital accumulation can lead to an increase in trash and in international trade in trash. The applicability of the standard gains from trade theorems is shown to be compromised by the externalities associated with international trade in trash between North and South. Under some parameter values, South is better off under autarky than under free trade in trash and the gains from trade by North is not sufficient to compensate South’s loss from trade. Cet article étudie le commerce international des déchets, en tenant compte du thème gossenien selon lequel la consommation prend du temps. Nous montrons comment la substituabilité entre les biens de consommation produits par les ménages à forte intensité de temps et les biens de consommation produits commercialement qui font gagner du temps ainsi que l'accumulation de capital peuvent conduire à une augmentation des déchets et du commerce international des déchets. L'applicabilité des théorèmes de gains du commerce international est compromise par les externalités associées au commerce des déchets entre le Nord et le Sud. Sous certaines valeurs de paramètres, le bien-être du Sud en autarcie est supérieur à celui en libre-échange et les gains du Nord ne sont pas suffisants pour compenser la perte du Sud.

Keywords: Trade in trash; gains from trade; household production; North South trade; the economics of time management; Commerce des déchets; gains d'échange; production domestique; Commerce Nord Sud; l'économie de la gestion du temps (search for similar items in EconPapers)
JEL-codes: D1 F13 F18 (search for similar items in EconPapers)
Date: 2021-11-18
New Economics Papers: this item is included in nep-int
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https://cirano.qc.ca/files/publications/2021s-43.pdf

Related works:
Journal Article: Saving Household Production-Cum-Consumption Time: Implications for International Trade in Trash (2023)
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Persistent link: https://EconPapers.repec.org/RePEc:cir:cirwor:2021s-43

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