Regions and Resources: Strategies for Development

Regions and Resources: Strategies for Development

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Overview

Regions and Resources: Strategies for Development by David Kresge, Oliver Goldsmith, Michael Scott, Daniel Seiver

Citing decisions that show effective long-range planning policies, such as Alberta's Heritage Savings Trust Fund and Alaska's Permanent Fund, this book points out that even in our imperfect, non-self-regulating world, a state or region that is rich in valuable resources can design innovative policies that improve the welfare of residents and provide a cushion for boom and bust cycles of the future. It develops a general analytical description of a resource-based regional economy and uses that analysis to construct a model of a specific economy—Alaska—that can be used to evaluate current policy issues and aid planners in devising efficient and beneficial development plans for other resource-rich regions.

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.

Product Details

ISBN-13: 9780262110914
Publisher: MIT Press
Publication date: 05/09/1984
Series: Harvard-MIT Joint Center for Urban Studies Series
Pages: 272
Product dimensions: 6.00(w) x 9.00(h) x 1.00(d)

About the Author

David Kresge, former Director of the Harvard-MIT Joint Center for Urban Studies and Adjunct Lecturer, J.F. Kennedy School of Government at Harvard University, is Vice-President-Economics for the Union Pacific Corporation.

Daniel Seiver is Associate Professor of Economics at Miami University.

Oliver Goldsmith is Associate Professor of Economics at the University of Alaska.

Michael Scott is Senior Research Economist, Energy Systems Department.

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