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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
The Resource Sector in an Open Economy

The Resource Sector in an Open Economy

Siebert, H.
Enders, K.
Gerken, E.

Paperback

Series: Lecture Notes in Economic and Mathematical Systems, Book 200

Business GeneralEconomics

ISBN10: 3540127003
ISBN13: 9783540127000
Publisher: Springer Nature
Published: Nov 1 1983
Pages: 164
Weight: 0.66
Height: 0.39 Width: 6.69 Depth: 9.61
Language: English
the economics of exhaustible assets presents a whole forest of intriguing problems. 1 Harald Hotelling ) The two energy price shocks in 1973/74 and 1979/80 have arosed interest in the new area of resource economics. The affluent societies of Europe, North America and Japan were confronted with the new scarcity paradigm of the space ship earth with only a limited supply of natural resources aboard whereas population is growing and the environment can- not accomodate the increasing volume of pollutants. The problem of natural resource scarcity gives rise to the question how resource-dependent economies like European coun- tries and Japan are affected by an increase in resource prices and how they can adjust to rising energy prices. The new para- digm also has focused new interest on the problem of the re- source-extracting firm and of the resource-exporting country. The Hotelling revival of resource economics has given new im- portance to the behavior and to the policy issues of resource- exporting countries.

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