International Trade, Property Maintenance Intensity and Renewable Resources Sustainability

International Trade, Property Maintenance Intensity and Renewable Resources Sustainability

Huimin Chen 

School of Economics, Huazhong University of Science and Technology

China, Wuhan, China

Department of Economics, Hunan Institute of Engineering, Xiangtan, China

Corresponding Author Email: 
chenhuiming0218@126.com
Page: 
1-20
|
DOI: 
https://doi.org/10.18280/ama_a.540101
Received: 
15 March 2017
| |
Accepted: 
15 April 2017
| | Citation

OPEN ACCESS

Abstract: 

Based on the model of Brander - Taylor (1997a, b) and Francis (2005), this paper introduced a notion of property right protection sector on the basis of collection proportion of resource exploitation income. By using the supply and demand theory of resource products, the utility maximization theory for both individuals and the society, and the company profit maximization theory, this article studied the selection law of exploitation, stock and property maintenance intensity of renewable resources in closed economy and trade liberalization.

Keywords: 

Renewable resources, Brander and Taylor models, resource stock

1. Introduction
2. Models in Closed Economy
3. The Relationship Between Trade Liberalization and the Selection of Resource Exploitation and Property Rights Maintenance Intensity in Small Country
4. Conclusion
5. Discussion
  References

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