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Is iron ore priced as a commodity?: Past and current practice

Dates

Year
2010

Citation

Sukagawa, P., 2010, Is iron ore priced as a commodity?: Past and current practice: Resources Policy, v. 35, iss. 1, p. 54-63.

Summary

Evidence from cross-sectional growth regressions suggests that economies dependent on natural resource exports have had slower growth than resource scarce economies. Explanations for this "curse of resources" focus on institutional and market failures caused by resource abundance. With a simple two sector model exhaustible resource model, we demonstrate that the correlation between growth and natural resource abundance can be negative in the absence of market and institutional failures. Since there is no way to distinguish between efficient and inefficient equilibria on the basis of the negative correlation between growth and resource abundance, finding that correlation is not sufficient to conclude resources are a curse, nor is it [...]

Contacts

Author :
Sukagawa, P.

Communities

  • Western Energy Citation Clearinghouse

Tags

Additional Information

Identifiers

Type Scheme Key
DOI WECC []
ISSN WECC 03014207

Citation Extension

journalResources Policy
parts
typePages
value54-63
typeVolume
value35
typeIssue
value1
citationTypeJournal Article

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