Privatization and Trade Policy in a Renewable Resource Sector

抄録

I analyze the effects of privatization and export tax in the renewable resource sector. I find that privatization increases the resource stock level, and I show conditions under which privatization is welfare improving. Further, I analyze the effect of export tax on the renewable resource stock level and welfare. In addition, I study the interaction between privatization and tax policy and find that the optimal export tax can be different based on different levels of privatization. I also show that privatization and export tax can have similar effects on the resource stock and the domestic welfare.

JEL Codes:F12, H10, Q2