Optimal exporting of exhaustible resources with endogenous trade revenue: the case of a resource-scarce and capital-short economy

Article Abstract:

An analysis of the dynamic trade problem of an open economy with scarce resources and insufficient capital focuses on the optimal trade behavior of an economy that offers scarce resources in exchange for much needed capital. Endogenous export revenue is allowed to simulate economic reality. Results show that trading scarce exhaustible resources for foreign capital requires strong conditions. The trade practice is found to be unsustainable on a long-term basis even if exporting resources is initially optimal.

Research, Economic aspects, Commerce

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Optimally eating a stochastic cake: a recursive utility approach

Article Abstract:

Consumption of non-renewable resources depends on the knowledge about the available stock. A stochastic model for optimal use of non-renewable resources under technical progress and stock uncertainties is described.

Switzerland, Stochastic analysis

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Sustainability of an economy with an exhaustible resource: a viable control approach

Article Abstract:

Using a viability kernel approach, sustainability when an exhaustible natural resource used in production, is studied.

France, Manufacturing processes, Use of energy, Manufacturing industry, Manufacturing industries, Energy use, Environmental aspects, Production processes

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