Natural Resource-based Economies and Rural Sustainability

Sustainability Natural Resource Management 1

The Rise, Fall and Sustainability of Capital-Resource Economies

In debates about green accounting it is sometimes argued that a positive value of aggregate investments indicates that an economy is developing sustainably. Asheim (1994) and Pezzey (1994) have shown that this is wrong, using a version of the well-known Dasgupta–Heal economy (with one capital and one non-renewable resource stock) as a counterexample. Asheim’s proof referred to the unproved assu...

Sustainability Appraisal of Regional Development Assistance in Remote Rural Economies:

By using its Structural Funds to deliver a coherent programme of assistance based on logical principles, the European Union has taken a leading role in strengthening the capacity of the Scottish Highlands and Islands to deliver effective regional development strategies. This paper demonstrates how this has enabled the region to modify its policies, plans and programmes to satisfy the growing em...

Sustainability Indicators for Natural Resource Management & Policy

Sustainability and the intergenerational distribution of natural resource entitlements

The paper describes an OLG economy with a single exhaustible resource that has amenity value. The steady states of this economy form a continuum, implying pathdependency. We compare three policy scenarios; first, a ‘zero extraction’ policy of enforced conservation that avoids environmental degradation, possibly at the expense of intertemporal efficiency. Second, a ‘grandfathering’ policy that e...