Research trends and opportunities in environmental and natural resource economics

Robert T. Deacon, David S. Brookshire, Anthony C. Fisher, Allen V. Kneese, Charles D. Kolstad, David Scrogin, V. Kerry Smith, Michael Ward, James Wilen

Research output: Contribution to journalConference articlepeer-review

45 Scopus citations

Abstract

The research questions and topics most likely to emerge in the near term future are assessed. A common theme is that policy issues will be an important driving force, as has generally been true in the past. More specifically, future theoretical advances are expected to occur in the treatment of uncertainty, the incorporation of stock service flows into natural resource analysis, and the incorporation of institutional considerations into models of resource exploitation. Research on valuation is expected to remain vigorous, primarily in the testing of basic assumptions and reconciliation of existing inconsistencies. Opportunities in renewable resource economics center on the incorporation of richer behavioral and technological detail in the general frameworks that already exist. A better understanding of what drives technology, and how environmental agreements can be negotiated and enforced among sovereign nations, are two topics likely to shape future research on global externalities. Finally, questions related to spatial aspects of natural resource use, and matters of land use more generally, seem likely to emerge as important topics on the profession's future research agenda.

Original languageEnglish (US)
Pages (from-to)383-397
Number of pages15
JournalEnvironmental and Resource Economics
Volume11
Issue number3-4
DOIs
StatePublished - Jan 1 1998
EventProceedings of the 1998 1st World Congress of Environmental and Resource Economists - Venice, Italy
Duration: Jun 25 1998Jun 27 1998

Keywords

  • Economics
  • Environment
  • Natural resources
  • Research

ASJC Scopus subject areas

  • Economics and Econometrics
  • Management, Monitoring, Policy and Law

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