摘要： The collapsing scenario of Easter Island has been analyzed by Brander and Taylor (1998) as a predator–prey model in a Malthusian world, in which the household is only concerned with its instantaneous utility. This paper develops an endogenous growth model with a renewable resource and analyzes the possibly non-sustainable growth as a steady state, in spite of the household being deeply concerned with all its future lifetime utility. Our analysis shows that the ignorance of future lifetimes in present decision-making is indeed crucial to economic non-sustainability. We then examine whether a deforestation tax set by the government could have reduced the resource exploration rate and thereby held back the economic collapse. We also demonstrate using phase-diagrams how such a tax can switch the economic dynamics from non-sustainability to sustainability. 出版者： Greenwich: Elsevier Inc 出版日期： 2014-11-01 出處： International review of economics & finance, 2014-11, Vol.34, p.161-174 資源來源： Elsevier ScienceDirect Journals Complete 版權： 2014 Elsevier Inc. 版權： Copyright Elsevier Science Ltd. Nov 2014 識別號： ISSN: 1059-0560 識別號： EISSN: 1873-8036 識別號： DOI: 10.1016/j.iref.2014.08.007
