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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. 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.
    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. 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.
    5. 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.
    6. 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.
    7. Toman, Michael A., 1985. "Optimal control with an unbounded horizon," Journal of Economic Dynamics and Control, Elsevier, vol. 9(3), pages 291-316, November.
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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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