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Research Trends and Opportunities in Environmental and NaturalResource Economics

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  • Deacon, Robert T.
  • Brookshire, David S.
  • Fisher, Anthony C.
  • Kneese, Allen V.
  • Kolstad, Charles D.
  • Scrogin, David
  • Smith, V. Kerry
  • Ward, Michael
  • Wilen, James

Abstract

The research questions and topics most likely to emerge in the near term future are assessed. A common theme is that policy issues will be an important driving force, as has generally been true in the past. More specifically, future theoretical advances are expected to occur in the treatment of uncertainty, the incorporation of stock service flows into natural resource analysis, and the incorporation of institutional considerations into models of resource exploitation. Research on valuation is expected to remain vigorous, primarily in the testing of basic assumptions and reconciliation of existing inconsistencies. Opportunities in renewable resource economics center around the incorporation of richer behavioral and technological detail in the general frameworks that already exist. A better understanding of what drives technology, and how environmental agreements can be negotiated and enforced among sovereign nations, are two topics likely to shape future research on global externalities. Finally, questions related to spatial aspects of natural resource use, and matters of land use more generally, seem likely to emerge as important topics on the profession's future research agenda.

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Paper provided by Duke University, Department of Economics in its series Working Papers with number 98-05.

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Date of creation: 1998
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Handle: RePEc:duk:dukeec:98-05

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  1. Hazilla, Michael & Kopp, Raymond J, 1990. "Social Cost of Environmental Quality Regulations: A General Equilibrium Analysis," Journal of Political Economy, University of Chicago Press, vol. 98(4), pages 853-73, August.
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  15. Hartman, Richard, 1976. "The Harvesting Decision When a Standing Forest Has Value," Economic Inquiry, Western Economic Association International, vol. 14(1), pages 52-58, March.
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  17. Albers, Heidi J., 1997. "Modeling Ecological Constraints on Tropical Forest Management: Reply," Journal of Environmental Economics and Management, Elsevier, vol. 33(2), pages 214-219, June.
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