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On Optimal Capacity Expansion for Domestic Processing of an Exhaustible, Natural Resource

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  • Kumar, Ramesh C.

Abstract

The issue of optimal capacity expansion for domestic processing of exhaustible, natural resource exports in a small open economy is analysed in the context of non-melleable capital.
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Suggested Citation

  • Kumar, Ramesh C., 1997. "On Optimal Capacity Expansion for Domestic Processing of an Exhaustible, Natural Resource," Journal of Environmental Economics and Management, Elsevier, vol. 32(2), pages 154-169, February.
    • Handle: RePEc:eee:jeeman:v:32:y:1997:i:2:p:154-169
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    References listed on IDEAS

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    1. Kumar, Ramesh C., 1988. "On optimal domestic processing of exhaustible natural resource exports," Journal of Environmental Economics and Management, Elsevier, vol. 15(3), pages 341-354, September.
    2. Halvorsen, Robert & Smith, Tim R, 1986. "Substitution Possibilities for Unpriced Natural Resources: Restricted Cost Functions for the Canadian Metal Mining Industry," The Review of Economics and Statistics, MIT Press, vol. 68(3), pages 398-405, August.
    3. Lasserre, P., 1982. "Exhaustible-Resource Extraction with Capital," Cahiers de recherche 8208, Universite de Montreal, Departement de sciences economiques.
    4. Toman, Michael A., 1985. "Optimal control with an unbounded horizon," Journal of Economic Dynamics and Control, Elsevier, vol. 9(3), pages 291-316, November.
    5. Humphrey, David Burras & Moroney, John R, 1975. "Substitution among Capital, Labor, and Natural Resource Products in American Manufacturing," Journal of Political Economy, University of Chicago Press, vol. 83(1), pages 57-82, February.
    6. J. P. Gould, 1968. "Adjustment Costs in the Theory of Investment of the Firm," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 35(1), pages 47-55.
    7. Robert E. Lucas & Jr., 1967. "Adjustment Costs and the Theory of Supply," Journal of Political Economy, University of Chicago Press, vol. 75(4), pages 321-321.
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    More about this item

    JEL classification:

    • Q31 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Demand and Supply; Prices
    • Q32 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Exhaustible Resources and Economic Development

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