I. Allocation Policy in a Resource-Exporting Country -- 1. The Role of Resource Exports -- 2. The Impact of the Resource Sector on the Economy -- 3. Intertemporal Allocation -- 4. Some Policy Issues -- II. On the Short-Run and Long-Run Effects of a Resource Boom -- 1. Introduction -- 2. Possible...

Are natural resources getting scarcer? How should the limited reservoir of non-replenishable raw materials such as metals and fossile fuels be utilized by successive generations? What possible solutions are proposed by economics in the face of diminishing reserves of raw materials? These are the...