Resource and environmental constraints to growth

Journal Article · Wed Aug 01 04:00:00 EDT 1979 · Am. J. Agric. Econ.; (United States)

DOI:https://doi.org/10.2307/1239426· OSTI ID:5901433

Smith, V K; Krutilla, J V

To evaluate conventional methods for modeling the role of natural resources in economic activities, this analysis reviews the specific attributes of past and current neoclassical models that included natural resources. It considers both micro analyses of extractive-firm behavior and aggregate optimal planning models and examines conventional assumptions about constraints to economic activities, including both the availability of production materials and the absorptive capacity of environmental resources. An optimal allocation of natural resources (all the original endowments of the earth) requires a conjunctive management strategy so that both the rates of extraction and waste generation are considered. 63 references.

• Research Organization: Resources for the Future, Washington, DC
• OSTI ID: 5901433
• Journal Information: Am. J. Agric. Econ.; (United States), Journal Name: Am. J. Agric. Econ.; (United States) Vol. 61:3; ISSN AJAEB
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
290100 -- Energy Planning & Policy-- Energy Analysis & Modeling
290400* -- Energy Planning & Policy-- Energy Resources
ALLOCATIONS
ECONOMIC ANALYSIS
ECONOMIC GROWTH
ECONOMICS
ENVIRONMENTAL IMPACTS
MATHEMATICAL MODELS
RESOURCE CONSERVATION
RESOURCE DEVELOPMENT