IAEE Members and subscribers to The Energy Journal: Please log in to access the full text article or receive discounted pricing for this article.

Optimum Depletion of Oil Resources in a Developing Country

The majority of resource-based developing countries finance a high percentage of their development efforts through extraction and export of nonrenewable natural resources. Though the extraction and export policies of these countries might be subject to noneconomic international causes and effects (i.e., those that do not easily yield to empirical analysis (Mikdashi, 1976)), the need for each country to plan and implement an optimal and consistent policy in this regard is already well established (Meier 1984; Kemp and Long 1984; Neary and Wijnbergen 1986).

Purchase ( $25 )

Energy Specializations: Petroleum – Exploration and Production; Petroleum – Policy and Regulation

JEL Codes: Q38: Nonrenewable Resources and Conservation: Government Policy, Q31: Nonrenewable Resources and Conservation: Demand and Supply; Prices, L71: Mining, Extraction, and Refining: Hydrocarbon Fuels, Q21: Renewable Resources and Conservation: Demand and Supply; Prices, Q41: Energy: Demand and Supply; Prices, Q20: Renewable Resources and Conservation: General, Q42: Alternative Energy Sources

Keywords: Optimum oil depletion, Developing countries, Energy policy

DOI: 10.5547/ISSN0195-6574-EJ-Vol8-No3-2

Published in Volume 8, Number 3 of the bi-monthly journal of the IAEE's Energy Economics Education Foundation.


© 2023 International Association for Energy Economics | Privacy Policy | Return Policy