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Comparing Nonrenewable Resources Stocks and Capital Goods

2023· book-chapter· en· W4318217861 on OpenAlexaff
Johnson Kakeu

Bibliographic record

VenueOxford University Press eBooks · 2023
Typebook-chapter
Languageen
FieldEconomics, Econometrics and Finance
TopicClimate Change Policy and Economics
Canadian institutionsUniversity of Prince Edward Island
Fundersnot available
KeywordsNatural capitalNon-renewable resourceEconomicsNatural resourceShadow priceCapital (architecture)Natural resource economicsResource (disambiguation)Public goodCapital goodWelfareRenewable resourceMicroeconomicsMarket economyRenewable energyEcologyEcosystem services

Abstract

fetched live from OpenAlex

Abstract This chapter shows that from a social welfare perspective non-renewable natural resource stocks are not like capital goods in capital-resource economies. We use shadow pricing for comparing non-renewable natural resource stocks and capital goods. It is shown that from a social welfare perspective, there are situations where the social worth of non-renewable natural resource stocks is greater than the social worth of capital goods. More generally, nonrenewable natural resource stocks are not equivalent to capital goods from a social welfare perspective. Numerical examples on shadow pricing are provided for illustration. Shadow pricing metric and the market pricing metric do not lead to the same conclusion when it comes to comparing natural resource stocks and capital goods. We contribute to the literature that emphasizes the importance of incorporating information on natural resource stocks in optimally managing a country’s public wealth. Public policy recommendations relating to the optimal management of natural resource stocks in Cameroon are discussed.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame machine prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. The Gemma side is a direct model label for every work in the frame, read from the title-only record. The Codex side is a classifier learned from the 10,348 direct Codex labels and calibrated to design-weighted sample rates; fields without enough sample support carry no Codex call. Candidate is the union of the two sides; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels.

metaresearch head score (Codex)0.001
metaresearch head score (Gemma)0.003
Version: metacan-v3-hybrid-931329e0061cValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Theoretical or conceptual · Consensus signal: Theoretical or conceptual
GenreCandidate signal: Empirical · Consensus signal: none
Teacher disagreement score0.013
Threshold uncertainty score0.044

Distilled classifier scores by category (both heads)

CategoryCodexGemma
Metaresearch0.0010.003
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0000.000
Bibliometrics0.0020.003
Science and technology studies0.0000.001
Scholarly communication0.0030.003
Open science0.0000.001
Research integrity0.0000.001
Insufficient payload (model declined to judge)0.0130.000

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.119
GPT teacher head0.211
Teacher spread0.091 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one source (direct Gemma or distilled Codex), not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designTheoretical or conceptual
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations0
Published2023
Admission routes1
Has abstractyes

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Same venueOxford University Press eBooksSame topicClimate Change Policy and EconomicsFrench-language works237,207