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Stochastic optimal economic growth model with natural resources

✍ Scribed by Zhou Shaobo; Hu Shigeng; Wang Maofa

Publisher
Wuhan University
Year
2006
Tongue
English
Weight
338 KB
Volume
11
Category
Article
ISSN
1007-1202

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## Two methods for obtaining economic optimality in renewable resource exploitation are examined. The issue of biological optimality (conservation of the resource base) is also examined. In the first part of the article, the effectiveness of two realistic harvesting strategies are examined when ma