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Interregional Structure of the U.S. Coal Economy
Author(s) -
Libbin James D.,
Boehlje Michael D.
Publication year - 1977
Publication title -
american journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.949
H-Index - 111
eISSN - 1467-8276
pISSN - 0002-9092
DOI - 10.2307/1239647
Subject(s) - coal , investment (military) , non renewable resource , economics , production (economics) , appalachia , natural resource economics , capital (architecture) , quality (philosophy) , resource (disambiguation) , economy , macroeconomics , engineering , renewable energy , waste management , geography , paleontology , computer network , philosophy , electrical engineering , archaeology , epistemology , politics , political science , law , biology , computer science
A multiperiod spatial equilibrium model of the national coal economy is developed to evaluate future interregional shifts in coal production and the investment requirements and sequencing for exploitation of a nonrenewable, variable quality resource. The effects of alternative sulfur dioxide emission standards and demand growth projections on the location and type of coal production, the transportation industry, and capital markets are examined. The study concludes that the coal industry can expand through 1990, especially in Appalachia and the West, to meet both greatly increased demand and restrictive air quality standards at moderately increased cost.