Energy Economics: Lessons for and from the Philippines
By Jim Roumasset This is to share some recent energy research from the Philippines. Some of the findings have relevance for other small economies such
August 30, 2021
James Roumasset
Do Natural Disasters Make Sustainable Growth Impossible?
We consider the prospects for sustainable growth using expected utility models of optimal investment under threat from natural disasters. Adoption of a continuous time, stochastic
January 6, 2020
The role of power prices in structural transformation: Evidence from the Philippines
The Philippines provides an extreme example of Rodrik’s observation that late developing countries experience deindustrialization at lower levels of per capita income than more advanced
April 1, 2019
The Role of Electricity prices in Structural Transformation: Evidence from the Philippines
The Philippines provides an extreme example of Rodrik’s observation that late developing countries experience deindustrialization at lower levels of per capita income than more advanced
February 1, 2019
Filipino 2040: Environmental Resources, Shocks, and National Well-Being
The contribution of the environmental-resource sector to national well-being is the sum of natural resource depletion and environmental degradation. Inasmuch as existing resource stocks are
April 12, 2016
Payments for Watershed Services as Adaptation to Climate Change: Upstream Conservation and Downstream Aquifer Management
Economically optimal groundwater extraction allocates water over space and time to its highest and best social use. But optimal management of water resources also requires
January 1, 2015
Energy, Backstop Endogeneity, and the Optimal Use of Groundwater
To meet the growing demand for freshwater, many regions have increased groundwater pumping in recent years, resulting in declining groundwater levels worldwide. A promising development
October 1, 2014
Incentivizing interdependent resource management: watersheds, groundwater, and coastal ecology
Managing water resources independently may result in substantial economic losses when those resources are interdependent with each other and with other environmental resources. We first
June 9, 2014
Groundwater Economics without Equations
In many parts of the world, irrigation and groundwater consumption are largely dependent on groundwater. Minimizing the adverse effects of water scarcity requires optimal as
June 6, 2014