RESOURCE EXTRACTION, INTERNATIONAL-TRADE AND PRODUCTION WITH THE RESOURCE

被引：1
|
作者：
CECEN, AA
机构：
[1] Central Michigan University, Department of Economics, Mt Pleasant
来源：
ENERGY ECONOMICS | 1991年 / 13卷 / 04期
关键词：
AUTHOR TO SUPPLY;
D O I：
10.1016/0140-9883(91)90005-K
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The paper analyses the optimal growth of a small economy that extracts an exhaustible resource both for domestic production and export purposes. It is shown that when the exogenously given resource price is constant, extraction for export will stop in finite time whereas extraction for domestic production will continue. Yet, if the resource price increases exponentially, extraction will continue to support both sectors.
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页码：254 / 257
页数：4
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