Resource depletion and sustainability in small open economies

Article Abstract:

An open-economy model for nonrenewable resources was used to analyze the theoretical context of capital gain and economic depreciation of natural resources in closed economies, such as Indonesia. Analysis of 1971-1984 statistics on petroleum, timber and agricultural soil resources in Indonesia revealed that aside from Hotelling rent, capital gain investments from exogenous price variations must also be considered in determining the sustainability of resources. Accuracy of price forecasts also play substantial roles in establishing the rate of consumption level sustainability of resource-rich countries.

Economics, Research and Development in the Social Sciences and Humanities, Analysis, Natural resources, Indonesia, Consumption (Economics), Sustainable development

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Deforestation and development in a small open economy

Article Abstract:

Research is presented concerning the development of a model which features an economy consisting of a small endowment of agricultural land and a large endowment of forest. The perpetual cycle of clearing and sale of marketable timber is discussed.

Administration of Conservation Programs, Land Use NEC, Models, Economic development, Deforestation, Business cycles, Land use, Clearing of land

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Temporary natural resource cartels

Article Abstract:

A study on stability of natural resource cartels in oligopolistic markets is presented.

Canada, Forecasts, trends, outlooks, Management dynamics, Management, Forecasts and trends, Environmental aspects, Market trend/market analysis, Protection and preservation, Cartels, Company business management, Oligopolies

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