| 1. |
- Karimu, Amin, et al.
(författare)
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Natural Resource Revenues and Public Investment in Resource-rich Economies in Sub-Saharan Africa
- 2017
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Ingår i: Review of Development Economics. - : John Wiley & Sons. - 1363-6669 .- 1467-9361. ; 21:4, s. 107-130
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Tidskriftsartikel (refereegranskat)abstract
- The general policy prescription for resource-rich countries is that, for sustainable consumption, a greater percentage of the windfall from resource rents should be channeled into accumulating foreign assets such as a sovereign public fund as done in Norway and other developed but resource-rich countries. This might not be a correct policy prescription for resource-rich sub-Saharan African (SSA) countries, where public capital is very low to support the needed economic growth. In such countries, rents from resources serve as an opportunity to scale-up the needed public capital. Using a panel data for the period 1990–2013, we find in line with the scaling-up hypothesis that resource rents significantly increases public investment in SSA and that this tends to depend on the quality of political institutions. Moreover, we also find evidence of a positive effect of public investment on economic growth, which also depends on the level of resource rents.
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| 2. |
- Elofsson, Katarina, et al.
(författare)
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Optimal management of two ecologically interacting deer speciesreality matters, beliefs don't
- 2017
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Ingår i: Natural Resource Modeling. - : John Wiley & Sons. - 0890-8575 .- 1939-7445. ; 30:4
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Tidskriftsartikel (refereegranskat)abstract
- The aim of this paper is to analyze the optimal management of two ecologically interdependent, competing species, roe deer (Capreolus capreolus) and fallow deer (Dama dama). To this end, we develop a numerical stage-structured model, accounting for species-specific life history characteristics, gender, and stage-specific hunting values. Two contrasting management regimes are considered: optimal joint management of the two species and management where the decision maker is ignorant about interspecific competition. Results from our case study show that the presence of interspecific competition reduces roe deer population size and harvest by 30% and 47%, respectively, and reduces the net present value by 9%. High interspecific competition could lead to the exclusion of the roe deer from the area. In contrast, ignorance about the level and consequences of interspecific competition has no impact on harvest decisions and revenues. The explanation is the higher hunting benefits for fallow deer. Summary for Managers Wildlife managers need bioeconomic models for decisions on ecologically interdependent species. This study investigates optimal joint management of roe and fallow deer when the fallow deer exerts a negative impact on roe deer due to interspecific competition. Results show that interspecific competition reduces the net present value of hunting at the study site by 9%. Regulations will not increase the net present value of hunting in a situation where the manager is ignorant of interspecific competition.
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| 3. |
- Tei Mensah, Justice, et al.
(författare)
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An Empirical Analysis of Hunting Lease Pricing and Value of Game in Sweden
- 2017
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Ingår i: Land Economics. - : University of Wisconsin Press. - 0023-7639 .- 1543-8325. ; 93, s. 292-308
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Tidskriftsartikel (refereegranskat)abstract
- Game species generate considerable benefits to society in terms of hunting values, tourism, and maintenance of ecosystem balance. This paper seeks to estimate hunting values for multiple hunted species by diseniangling the role of wildlife harvesting opportunities from other factors that affect hunting lease prices. We examine the determinants of hunting lease prices in Sweden using both spatial and nonspatial econometric techniques. Our analysis confirms considerable hunting values for fallow deer and wild boar. Also, the study reveals the presence of spatial spillovers in lease prices, implying that landowners have little scope for exerting monopoly power on the hunting lease market.
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