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The Resource Sector in an Open Economy

  • Horst Siebert
Conference proceedings

Part of the Lecture Notes in Economics and Mathematical Systems book series (LNE, volume 200)

Table of contents

  1. Front Matter
    Pages N2-IX
  2. Michael G. Porter
    Pages 95-116
  3. Back Matter
    Pages 156-164

About these proceedings

Introduction

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.

Keywords

Allokation Economy Japan Rohstoffexport Rohstoffwirtschaft environment exchange rates resource economics

Editors and affiliations

  • Horst Siebert
    • 1
  1. 1.Universität MannheimMannheim 1Germany

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-642-46484-3
  • Copyright Information Springer-Verlag Berlin Heidelberg 1984
  • Publisher Name Springer, Berlin, Heidelberg
  • eBook Packages Springer Book Archive
  • Print ISBN 978-3-540-12700-0
  • Online ISBN 978-3-642-46484-3
  • Series Print ISSN 0075-8442
  • Buy this book on publisher's site