Development in a Dual Economy: The Importance of Resource-Use Regulation

Noack, Frederik, Riekhof, Marie-Catherine and Quaas, Martin (2018) Development in a Dual Economy: The Importance of Resource-Use Regulation Journal of the Association of Environmental and Resource Economists, 5 (1). pp. 233-263. DOI 10.1086/694222.

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Abstract

We study how rights-based resource management can trigger labor reallocation and development in a dual economy. Under open access, resource users may remain trapped in poverty. Regulation of resource use generates rents that can finance labor reallocation to resource-independent production. Transferability of harvest quotas broadens the scope for labor reallocation, in particular if harvest quotas are distributed unequally. Once the process of labor reallocation is started, it continues until a long-run efficient labor allocation is achieved. We use data from an Indian fishery to illustrate numerically how the design and distribution of harvest quotas affects labor, wealth, and resource dynamics in a rural economy.

Document Type: Article
Research affiliation: Kiel University > Kiel Marine Science
Kiel University
OceanRep > The Future Ocean - Cluster of Excellence
Refereed: Yes
DOI etc.: 10.1086/694222
ISSN: 2333-5955
Projects: Future Ocean
Date Deposited: 02 Feb 2018 12:09
Last Modified: 02 Feb 2018 12:09
URI: http://eprints.uni-kiel.de/id/eprint/41809

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