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Natural Resource Management: Challenges and Policy Options

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Author Info

  • Jessica Coria

    ()
    (Department of Economics, School of Business, Economics, and Law, University of Gothenburg, Gothenburg, SE 405 30 Sweden
    Facultad de Economía y Empresa, Universidad Diego Portales, Santiago 8370057, Chile)

  • Thomas Sterner

    ()
    (Department of Economics, School of Business, Economics, and Law, University of Gothenburg, Gothenburg, SE 405 30 Sweden)

Abstract

Much of the improvement in living standards in developed and developing countries is attributable to the exploitation of nonrenewable and renewable resources. The problem is to know when the exploitation occurs at rates and with technologies that are sustainable. If the technologies used are not sustainable, resource exploitation presents a serious problem for the future because welfare will decrease. A long-term management perspective is needed to avoid irreversible degradation of renewable resources. This article examines major challenges to natural resource management as well as policy options.

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File URL: http://www.annualreviews.org/doi/abs/10.1146/annurev-resource-083110-120131
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Bibliographic Info

Article provided by Annual Reviews in its journal Annual Review of Resource Economics.

Volume (Year): 3 (2011)
Issue (Month): 1 (October)
Pages: 203-230

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Handle: RePEc:anr:reseco:v:3:y:2011:p:203-230

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Related research

Keywords: sustainability; natural resources; policy instruments; property rights; tradable quotas; taxes; voluntary agreements; liability; subsidies; deposit-refunds;

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References

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  1. Bennett, Michael T., 2008. "China's sloping land conversion program: Institutional innovation or business as usual?," Ecological Economics, Elsevier, vol. 65(4), pages 699-711, May.
  2. Anton, W.R.Q.Wilma Rose Q. & Deltas, George & Khanna, Madhu, 2004. "Incentives for environmental self-regulation and implications for environmental performance," Journal of Environmental Economics and Management, Elsevier, vol. 48(1), pages 632-654, July.
  3. Daron Acemoglu & Simon Johnson & James A. Robinson, 2001. "The Colonial Origins of Comparative Development: An Empirical Investigation," American Economic Review, American Economic Association, vol. 91(5), pages 1369-1401, December.
  4. Binswanger, Hans P., 1991. "Brazilian policies that encourage deforestation in the Amazon," World Development, Elsevier, vol. 19(7), pages 821-829, July.
  5. Casari, Marco & Plott, Charles R., 2003. "Decentralized management of common property resources: experiments with a centuries-old institution," Journal of Economic Behavior & Organization, Elsevier, vol. 51(2), pages 217-247, June.
  6. Nicholas E. Flores & Jennifer Thacher, 2002. "Money, Who Needs It? Natural Resource Damage Assessment," Contemporary Economic Policy, Western Economic Association International, vol. 20(2), pages 171-178, 04.
  7. Besley, Timothy, 1995. "Property Rights and Investment Incentives: Theory and Evidence from Ghana," Journal of Political Economy, University of Chicago Press, vol. 103(5), pages 903-37, October.
  8. Juan Camilo C�rdenas, 2009. "Experiments in Environment and Development," Annual Review of Resource Economics, Annual Reviews, vol. 1(1), pages 157-182, 09.
  9. Christopher Costello & John Lynham & Sarah E. Lester & Steven D. Gaines, 2010. "Economic Incentives and Global Fisheries Sustainability," Annual Review of Resource Economics, Annual Reviews, vol. 2(1), pages 299-318, October.
  10. Banerjee, Onil & Alavalapati, Janaki, 2010. "Illicit exploitation of natural resources: The forest concessions in Brazil," Journal of Policy Modeling, Elsevier, vol. 32(4), pages 488-504, July.
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Cited by:
  1. Coria, Jessica & Robinson, Elizabeth & Smith, Henrik G. & Sterner, Thomas, 2012. "Biodiversity Conservation and Ecosystem Services Provision: Tale of Confused Objectives, Multiple Market Failures and Policy Challenges," Working Papers in Economics 546, University of Gothenburg, Department of Economics.

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