Natural resources dynamics: Exhaustible and renewable resources,and the rate of technical substitution

In this paper we study both exhaustible and renewable resources in an endogenous growth model. In particular, we consider the hypotheses in which the rate of technical substitution (RTS) between those two inputs is or is not equal to one. Moreover, we depart from a basic theoretical framework to account for the negative externality constituted by waste accumulation. Finally, a comparative analysis is made between Pigouvian tax and waste recycling, as an environmental policy to correct market failure represented by refuse accumulation.     

Soviet resources policy: Foreign investment,resources and the tenth five-year plan

The author examines the plans for natural resources embodied in the USSR's 10th five year plan, 1975–1980. Problems of capital and manpower have forced the USSR to curtail the very ambitious resources programmes which were mooted in the early 1960s. Foreign investment is seen as one possible means of raising production and agreements have been signed with Western companies for over 50 development projects. More important still, the countries of Comecon have invested heavily in Soviet natural resources.