The Economics of Natural Resource Scarcity and Implications for Development Policy and International Cooperation

40 Pages Posted: 14 Jun 2016

See all articles by Edgar L. Feige

Edgar L. Feige

University of Wisconsin - Madison - Department of Economics

David M. Blau

University of North Carolina (UNC) at Chapel Hill - Department of Economics; IZA Institute of Labor Economics

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Date Written: June 10, 2016

Abstract

The paper reviews the theory of natural resource scarcity, the efficient and optimal use of exhaustible resources and implications for economic development and international cooperation.

Keywords: Resource scarcity, exhaustible resources, resource management, economic development

JEL Classification: Q2, Q3, Q5, H23,O13

Suggested Citation

Feige, Edgar L. and Blau, David M., The Economics of Natural Resource Scarcity and Implications for Development Policy and International Cooperation (June 10, 2016). Available at SSRN: https://ssrn.com/abstract=2794079 or http://dx.doi.org/10.2139/ssrn.2794079

Edgar L. Feige (Contact Author)

University of Wisconsin - Madison - Department of Economics ( email )

1180 Observatory Drive
Madison, WI 53706
United States

David M. Blau

University of North Carolina (UNC) at Chapel Hill - Department of Economics ( email )

Gardner Hall
Chapel Hill, NC 27599
United States
919-966-3962 (Phone)
919-966-4986 (Fax)

IZA Institute of Labor Economics

P.O. Box 7240
Bonn, D-53072
Germany

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