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An Economic Simulation Model for Analyzing Natural Resource Policy*

Published online by Cambridge University Press:  28 April 2015

Milton L. Holloway
Milton L. Holloway*
Affiliation:
Division of Management Science, Governor's Office of Information Services, Austin, Texas
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Extract

The current energy crisis, water supply and distribution problems, land use conflicts, and environmental issues are bringing with them a series of federal and state policy actions (legislation, new institutions, and court decisions) in response to the complex problem of resource allocation. In their simplest form, the policy questions deal with the public sector influence on the allocation of available scarce resources among alternative uses, and the allocation of scarce public investment funds among alternative programs to augment available supplies of these resources.

Type
Research Article
Information
Journal of Agricultural and Applied Economics , Volume 6 , Issue 1 , July 1974 , pp. 171 - 178
Copyright
Copyright © Southern Agricultural Economics Association 1974

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Footnotes

*

This paper is based on a portion of a study directed by the author, funded jointly by the Office of Water Resources Research, U.S. Dept. of the Interior, and the Texas Water Development Board, and supervised by the Systems Engineering Division, Texas Water Development Board.

References

[1] Byerlee, Derek R. Agricultural Development and Urban Unemployment: A Simulation Analysis of the Nigerian Economy. Unpublished Ph.D. thesis, Oregon State University, 1972.Google Scholar
[2] Miernyk, W.H., et al. Simulating Regional Development. Heath: Lexington, Mass., 1970.Google Scholar
[3] Mullendore, Walter E., Ekholm, Arthur L., and Hayashi, Paul M.. An Input-Output Model of the North Central Region of Texas. University of Texas at Arlington, 1972.Google Scholar
[4] Texas Water Development Board. Stochastic Optimization and Simulation Techniques for Management of Regional Water Resource Systems. Texas Water Development Board Report 131, Austin, Tex., 1971.Google Scholar
[5] U.S. Army Corps of Engineers. Whitney Dam and Reservoir, Brazos River; Belton Dam and Reservoir, Leon River, Brazos River Basin, and Garza-Little Elm Reservoir, Elm Fork of Trinity River, Trinity River Basin. Unpublished planning reports by Fort Worth District Office, U.S. Army Corps of Engineers, 1954.Google Scholar