Showing 11 - 20 of 31,997
This paper provides an analytic review of the upstream aspects of the exploitation of natural resources: the assignment of ownership rights, taxation, the discovery process, extraction, renewability, and clean-up. It sets these issues within the principal-agent framework. It proposes that the...
Persistent link: https://www.econbiz.de/10008670337
This paper explores the choices faced by developing country governments that have received substantial revenues from natural resources. The economic principles underlying the choices between consumption, domestic investment, and the accumulation of foreign assets are analysed. The priority...
Persistent link: https://www.econbiz.de/10008670356
This paper aims to explore the relationship between the economic growth and the pressure on nature from the environmental sustainability perspective. We measure pressure on nature as the sum of energy, mineral, net forest depletions and carbon dioxide damage, all measured in US dollars. The data...
Persistent link: https://www.econbiz.de/10009004203
The nature of oil demand influences the oil extraction rate and hence has implications for both the timing of oil exhaustion and optimal climate policy. We analyse what role oil demand specification plays in strategic interactions b between an oil-importing country producing final goods and...
Persistent link: https://www.econbiz.de/10010435786
Industria imports oil, produces final goods and wishes to mitigate global warming. Oilrabia exports oil and buys final goods from the other country. Industria uses the carbon tax to impose an import tariff on oil and steal some of Oilrabia’s scarcity rent. Conversely, Oilrabia has monopoly...
Persistent link: https://www.econbiz.de/10011276407
The nature of oil demand influences the oil extraction rate and hence has implications for both the timing of oil exhaustion and optimal climate policy. We analyse what role oil demand specification plays in strategic interactions b between an oil-importing country producing final goods and...
Persistent link: https://www.econbiz.de/10011264740
that compared to the saving of physical capital, the saving of non-physical capital is influenced more strongly by …
Persistent link: https://www.econbiz.de/10010573071
There is a large body of research devoted to our understanding of sustainable growth in resource based economies. Some of this research is inapplicable to the real economy. This is a result of inconsistency between the commonly used criteria and the initial state of the real economy. The...
Persistent link: https://www.econbiz.de/10005623401
physical and natural capital. Since these two types of capital are used jointly in the industry's production process, the firms … face a dual investment decision, whereby they have to decide on the investment into both types of capital simultaneously … then shown that the form of capital aggregation in national accounting can lead to an underestimation of the effect of …
Persistent link: https://www.econbiz.de/10011419424
windfall until the country is ready to absorb extra spending on domestic investment. Capital scarcity implies that a positive …
Persistent link: https://www.econbiz.de/10010757250