The issue of optimal capacity expansion for domestic processing of exhaustible, natural resource exports in a small open economy is analysed in the context of non-melleable capital.
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Paper provided by University of Waterloo, Department of Economics in its series Working Papers with number
9607.
Find related papers by JEL classification: Q31 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Demand and Supply Q32 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Exhaustible Resources and Economic Development