International trade, exhaustible-resource abundance and economic growth

被引：9

作者：

Gaitan, Beatriz ^{[2
]}

Roe, Terry L. ^{[1
]}

机构：

[1] Univ Minnesota, St Paul, MN 55108 USA

[2] Free Univ Berlin, D-14195 Berlin, Germany

来源：

REVIEW OF ECONOMIC DYNAMICS | 2012年 / 15卷 / 01期

关键词：

Growth; Exhaustible resources; Depletable resources; International trade; History dependent equilibria; INTERTEMPORAL SUBSTITUTION; RENEWABLE RESOURCES; PRICES; ENERGY; ELASTICITY; CURSE;

D O I：

10.1016/j.red.2011.08.002

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Countries with oil and other natural resources have grown less rapidly than those countries without. This phenomenon is known as the "natural resource curse". We develop an infinite-horizon, two-country model of trade in which countries are identical, except that one country is endowed with deposits of an exhaustible resource and the other is not. Within the context of the model, we show that this phenomenon can be explained in part by an inelastic demand for the exhaustible resource that increases growth in trade revenues and induces the resource-abundant country to invest relatively less than the country lacking in exhaustible resources. These results are derived analytically and illustrated by an empirical analysis based on plausible parameters obtained from data. (C) 2011 Elsevier Inc. All rights reserved.

引用

页码：72 / 93

页数：22

共 66 条

[61] Natural resource abundance and economic growth revisited [J].