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The model is applied to Alaska's experience following development of its North Slope petroleum resources and projects trends of growth under different scenarios to the year 2000. The effects of specific policy actions such as direct distribution of oil revenues, income tax cuts, public investment programs, manpower training programs, local hire provisions, and subsidies for new industries are analyzed. And the question of what state and regional economies can do to exercise control over their own future through the use and conservation of their resources, is explored in a final chapter.
This book is included in the Harvard-MIT Joint Center for Urban Studies Series.