Recent aggregate models of recreational participation have largely focused
on demand systems and choice models utilizing cross sectional data. While
these strategies may be advantageous for the estimation of welfare
measures, they have left unexplored the relationship between recreation
participation and general temporal economic trends. This research shifts its
focus...
The impact of technological adoption on economic growth is a critical issue for economic policy in the developing world. The issue is further compounded for industries exploiting renewable common resources with ill-structured property rights, because greater efficiency increases pressure on the resource stock. The paper analyzes the effect of adoption...