Monthly Archives: January 2013
Research Matters No. 67. Maximum Sustainable Yield: FY 2014 Update
Scott Goldsmith, Professor emeritus of economics at ISER, compiled a paper detailing Alaska’s fiscal state in FY 2014 and the possible outcomes should the state continue down a similar path in the future.
Goldsmith estimates that the state government can afford to spend around $5.5 billion in FY 2014. This number is based on current figures reflecting the value of Alaska’s petroleum nest egg, which is valued at $149 billion. Of course, the value of this nest egg can fluctuate depending on a number of factors. Depending on whether or not the state over-spends this year, as it has in recent years, Alaska could be on track for an economic crisis after 2023. Goldsmith offers recommendations for getting back on course within the paper. You can read the full paper by clicking here.
Any questions concerning the paper can be emailed to email@example.com.