The Economics of Optimal Growth Pathways with Managing Natural Resources Efficiently

S. Niggol Seo

Chapter Chapter 12 in The Economics of Optimal Growth Pathways, 2023, pp 265-293 from Springer

Abstract: Abstract This chapter provides a review and synthesis of the preceding eleven chapters of this book which introduced ten major economic theories related to the pursuit of economic growth. Six chapters dealt with the individual resource sectors of the economy or six different natural resource enterprises: cropland farming, spatial land use, forest rotation, fossil fuel uses, fisheries, and financial assets. The five chapters dealt with the economywide growth theories: capital and interest, national savings, modern growth theory, optimal economic growth pathway, and carbon price. This chapter integrates the theories of optimal economic growth with the theories of managing natural resources efficiently to render a comprehensive picture.

Keywords: Optimal economic growth; Natural resources; National economic decisions; Environmental issues; Natural resource enterprises; Efficiency (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-20754-9_12

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DOI: 10.1007/978-3-031-20754-9_12

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