The Resource Sector In An Open Economy

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The Resource Sector in an Open Economy

Author : H. Siebert
Publisher : Springer Science & Business Media
ISBN 13 : 364246484X
Total Pages : 174 pages
Book Rating : 4.6/5 (424 download)

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Book Synopsis The Resource Sector in an Open Economy by : H. Siebert

Download or read book The Resource Sector in an Open Economy written by H. Siebert and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 174 pages. Available in PDF, EPUB and Kindle. Book excerpt: the economics of exhaustible " assets presents a whole forest of intriguing problems." 1 Harald Hotelling ) The two energy price shocks in 1973/74 and 1979/80 have arosed interest in the new area of resource economics. The affluent societies of Europe, North America and Japan were confronted with the new scarcity paradigm of the "space ship earth" with only a limited supply of natural resources aboard whereas population is growing and the environment can not accomodate the increasing volume of pollutants. The problem of natural resource scarcity gives rise to the question how resource-dependent economies like European coun tries and Japan are affected by an increase in resource prices and how they can adjust to rising energy prices. The new para digm also has focused new interest on the problem of the re source-extracting firm and of the resource-exporting country. The Hotelling revival of resource economics has given new im portance to the behavior and to the policy issues of resource exporting countries.

The World Bank Research Observer

Author :
Publisher :
ISBN 13 :
Total Pages : 300 pages
Book Rating : 4.:/5 (319 download)

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Book Synopsis The World Bank Research Observer by :

Download or read book The World Bank Research Observer written by and published by . This book was released on 2003 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt:

News Shocks in Open Economies

Author : Mr.Rabah Arezki
Publisher : International Monetary Fund
ISBN 13 : 1513590766
Total Pages : 54 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis News Shocks in Open Economies by : Mr.Rabah Arezki

Download or read book News Shocks in Open Economies written by Mr.Rabah Arezki and published by International Monetary Fund. This book was released on 2015-09-29 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper explores the effect of news shocks on the current account and other macroeconomic variables using worldwide giant oil discoveries as a directly observable measure of news shocks about future output ? the delay between a discovery and production is on average 4 to 6 years. We first present a two-sector small open economy model in order to predict the responses of macroeconomic aggregates to news of an oil discovery. We then estimate the effects of giant oil discoveries on a large panel of countries. Our empirical estimates are consistent with the predictions of the model. After an oil discovery, the current account and saving rate decline for the first 5 years and then rise sharply during the ensuing years. Investment rises robustly soon after the news arrives, while GDP does not increase until after 5 years. Employment rates fall slightly for a sustained period of time.

Computational Macroeconomics for the Open Economy

Author : G. C. Lim
Publisher : MIT Press
ISBN 13 : 0262552833
Total Pages : 251 pages
Book Rating : 4.2/5 (625 download)

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Book Synopsis Computational Macroeconomics for the Open Economy by : G. C. Lim

Download or read book Computational Macroeconomics for the Open Economy written by G. C. Lim and published by MIT Press. This book was released on 2024-08-06 with total page 251 pages. Available in PDF, EPUB and Kindle. Book excerpt: How to use nonlinear dynamic models in policy analysis. Policymakers need quantitative as well as qualitative answers to pressing policy questions. Because of advances in computational methods, quantitative estimates are now derived from coherent nonlinear dynamic macroeconomic models embodying measures of risk and calibrated to capture specific characteristics of real-world situations. This text shows how such models can be made accessible and operational for confronting policy issues. The book starts with a simple setting based on market-clearing price flexibility. It gradually incorporates departures from the simple competitive framework in the form of price and wage stickiness, taxes, rigidities in investment, financial frictions, and habit persistence in consumption. Most chapters end with computational exercises; the Matlab code for the base model can be found in the appendix. As the models evolve, readers are encouraged to modify the codes from the first simple model to more complex extensions. Computational Macroeconomics for the Open Economy can be used by graduate students in economics and finance as well as policy-oriented researchers.

Natural Resources and Economic Development

Author : Edward Barbier
Publisher : Cambridge University Press
ISBN 13 : 9780521706513
Total Pages : 438 pages
Book Rating : 4.7/5 (65 download)

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Book Synopsis Natural Resources and Economic Development by : Edward Barbier

Download or read book Natural Resources and Economic Development written by Edward Barbier and published by Cambridge University Press. This book was released on 2005 with total page 438 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive analysis of natural resource use and economic development in poor countries, first published in 2005.

Handbook of Cliometrics

Author : Claude Diebolt
Publisher : Springer Nature
ISBN 13 : 3031355830
Total Pages : 2796 pages
Book Rating : 4.0/5 (313 download)

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Book Synopsis Handbook of Cliometrics by : Claude Diebolt

Download or read book Handbook of Cliometrics written by Claude Diebolt and published by Springer Nature. This book was released on with total page 2796 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Natural Resources, Neither Curse nor Destiny

Author : Daniel Lederman
Publisher : World Bank Publications
ISBN 13 : 0821365460
Total Pages : 396 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis Natural Resources, Neither Curse nor Destiny by : Daniel Lederman

Download or read book Natural Resources, Neither Curse nor Destiny written by Daniel Lederman and published by World Bank Publications. This book was released on 2006-10-23 with total page 396 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'Natural Resources: Neither Course nor Destiny' brings together a variety of analytical perspectives, ranging from econometric analyses of economic growth to historical studies of successful development experiences in countries with abundant natural resources. The evidence suggests that natural resources are neither a curse nor destiny. Natural resources can actually spur economic development when combined with the accumulation of knowledge for economic innovation. Furthermore, natural resource abundance need not be the only determinant of the structure of trade in developing countries. In fact, the accumulation of knowledge, infrastructure, and the quality of governance all seem to determine not only what countries produce and export, but also how firms and workers produce any good.

A Disequilibrium Model of Real and Financial Accumulation in an Open Economy

Author : Giancarlo Gandolfo
Publisher : Springer Science & Business Media
ISBN 13 : 3642954596
Total Pages : 182 pages
Book Rating : 4.6/5 (429 download)

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Book Synopsis A Disequilibrium Model of Real and Financial Accumulation in an Open Economy by : Giancarlo Gandolfo

Download or read book A Disequilibrium Model of Real and Financial Accumulation in an Open Economy written by Giancarlo Gandolfo and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the fourth version of a model that five years ago we set out to build and estimate along the lines of the continuous time approach clarified In chapter 1. Previous versions appeared in journal articles and conference proceedings, where the space is notoriously limited. Therefore we welcome the possibility of publishing a book-length treatment of this fourth version, so that we can describe its theoretical and empirical aspects in some detail. Although we have worked closely together and accept joint responsibility for the whole book, chs. 1 and 2 and appendix I have been written by G. Gandolfo, whilst chs. ] and 4 and appendix II have been written by P.c. Padoan. Different parts of this version of the model have been discussed In various lectures at the European University Institute (Florence) in 1984, In a seminar organized by the Bank of Italy (Sadiba, Perugia, Italy, February 16-18, 1984), in the second Viennese Workshop on Economic Applications of Control Theory (Vienna, May 16-18, 1984), and in the sixth annual Conference of the Society for Economic Dynamics and Control (Nice, France, June 13-15, 1984). In all of these we received helpful comments; similarly helpful were the comments of Clifford R .. Wymer, who, however, is absolved of any responsibility.

Resource Abundance and Economic Development

Author : R. M. Auty
Publisher : Oxford University Press
ISBN 13 : 0199246882
Total Pages : 357 pages
Book Rating : 4.1/5 (992 download)

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Book Synopsis Resource Abundance and Economic Development by : R. M. Auty

Download or read book Resource Abundance and Economic Development written by R. M. Auty and published by Oxford University Press. This book was released on 2001-06-28 with total page 357 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the 1960s the per capita incomes of the resource-poor countries have grown significantly faster than those of the resource-abundant countries. In fact, in recent years economic growth has been inversely proportional to the share of natural resource rents in GDP, so that the small mineral-driven economies have performed least well and the oil-driven economies worst of all. Yet the mineral-driven resource-rich economies have high growth potential because the mineral exportsboost their capacity to invest and to import."Resource Abundance and Economic Development" explains the disappointing performance of resource-abundant countries by extending the growth accounting framework to include natural and social capital. The resulting synthesis identifies two contrasting development trajectories: the competitive industrialization of the resource-poor countries and the staple trap of many resource-abundant countries. The resource-poor countries are less prone to policy failure than the resource-abundant countriesbecause social pressures force the political state to align its interests with the majority poor and follow relatively prudent policies. Resource-abundant countries are more likely to engender political states in which vested interests vie to capture resource surpluses (rents) at the expense of policycoherence. A longer dependence on primary product exports also delays industrialization, heightens income inequality, and retards skill accumulation. Fears of 'Dutch disease' encourage efforts to force industrialization through trade policy to protect infant industry. The resulting slow-maturing manufacturing sector demands transfers from the primary sector that outstrip the natural resource rents and sap the competitiveness of the economy.The chapters in this collection draw upon historical analysis and models to show that a growth collapse is not the inevitable outcome of resource abundance and that policy counts. Malaysia, a rare example of successful resource-abundant development, is contrasted with Ghana, Bolivia, Saudi Arabia, Mexico, and Argentina, which all experienced a growth collapse. The book also explores policies for reviving collapsed economies with reference to Costa Rica, South Africa, Russia and Central Asia. Itdemonstrates the importance of initial conditions to successful economic reform.

Fiscal Rules for Resource Windfall Allocation

Author : Keyra Primus
Publisher : International Monetary Fund
ISBN 13 : 1475537700
Total Pages : 49 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis Fiscal Rules for Resource Windfall Allocation by : Keyra Primus

Download or read book Fiscal Rules for Resource Windfall Allocation written by Keyra Primus and published by International Monetary Fund. This book was released on 2016-09-21 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: Managing resource revenues is a critical policy issue for small open resource-rich countries. This paper uses an open economy dynamic stochastic general equilibrium model to analyze the transmission of resource price shocks and a shock to resource production in the Trinidad and Tobago economy. It also applies alternative fiscal rules to determine the optimal allocation of resource windfalls between spending today and saving in a sovereign wealth fund. The results show that spending all the resource windfall on consumption and investment creates more volatility and amplifies Dutch disease effects, when compared to the case where all the excess revenues are saved. Also, neither a policy of full spending nor full saving of the surplus revenue inflows is optimal if the government is concerned about both household welfare and fiscal stability. In order to minimize deviations from both objectives, the optimal fiscal response suggests that a larger fraction of the resource windfalls should be saved.

Ambiguities in Decision-oriented Life Cycle Inventories

Author : Frank Werner
Publisher : Springer Science & Business Media
ISBN 13 : 1402032544
Total Pages : 418 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Ambiguities in Decision-oriented Life Cycle Inventories by : Frank Werner

Download or read book Ambiguities in Decision-oriented Life Cycle Inventories written by Frank Werner and published by Springer Science & Business Media. This book was released on 2006-03-30 with total page 418 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book shows for the first time how mental models and values influence conclusions in the life cycle inventory step of LCA. One key finding is that different management rules for a sustainable use of materials must be taken into account for the attribution of material and energy flows to a product. Includes case studies on the modelling of recycling and other end-of-life options of aluminium windows and beech wood railway sleepers in LCA.

Encyclopedia of Energy, Natural Resource, and Environmental Economics

Author :
Publisher : Newnes
ISBN 13 : 0080964524
Total Pages : 1056 pages
Book Rating : 4.0/5 (89 download)

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Book Synopsis Encyclopedia of Energy, Natural Resource, and Environmental Economics by :

Download or read book Encyclopedia of Energy, Natural Resource, and Environmental Economics written by and published by Newnes. This book was released on 2013-03-29 with total page 1056 pages. Available in PDF, EPUB and Kindle. Book excerpt: Every decision about energy involves its price and cost. The price of gasoline and the cost of buying from foreign producers; the price of nuclear and hydroelectricity and the costs to our ecosystems; the price of electricity from coal-fired plants and the cost to the atmosphere. Giving life to inventions, lifestyle changes, geopolitical shifts, and things in-between, energy economics is of high interest to Academia, Corporations and Governments. For economists, energy economics is one of three subdisciplines which, taken together, compose an economic approach to the exploitation and preservation of natural resources: energy economics, which focuses on energy-related subjects such as renewable energy, hydropower, nuclear power, and the political economy of energy resource economics, which covers subjects in land and water use, such as mining, fisheries, agriculture, and forests environmental economics, which takes a broader view of natural resources through economic concepts such as risk, valuation, regulation, and distribution Although the three are closely related, they are not often presented as an integrated whole. This Encyclopedia has done just that by unifying these fields into a high-quality and unique overview. The only reference work that codifies the relationships among the three subdisciplines: energy economics, resource economics and environmental economics. Understanding these relationships just became simpler! Nobel Prize Winning Editor-in-Chief (joint recipient 2007 Peace Prize), Jason Shogren, has demonstrated excellent team work again, by coordinating and steering his Editorial Board to produce a cohesive work that guides the user seamlessly through the diverse topics This work contains in equal parts information from and about business, academic, and government perspectives and is intended to serve as a tool for unifying and systematizing research and analysis in business, universities, and government

Biodiversity Economics

Author : Andreas Kontoleon
Publisher : Cambridge University Press
ISBN 13 : 1139466259
Total Pages : 606 pages
Book Rating : 4.1/5 (394 download)

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Book Synopsis Biodiversity Economics by : Andreas Kontoleon

Download or read book Biodiversity Economics written by Andreas Kontoleon and published by Cambridge University Press. This book was released on 2007-12-13 with total page 606 pages. Available in PDF, EPUB and Kindle. Book excerpt: Human induced biodiversity loss is greater now than at any time in human history, with extinctions occurring at rates hundreds of times higher than background extinction levels. The field of biodiversity economics analyses the socio-economic causes of and solutions to biodiversity loss by combining the disciplines of economics, ecology and biology. This field has shown a remarkable degree of transformation over the past four decades and now incorporates the analysis of the entire diversity of biological resources within the living world. Biodiversity Economics presents a series of papers that show how bio-economic analysis can be applied to the examination and evaluation of the problem of various forms of biodiversity loss. Containing insightful bio-economic research by some of prominent practitioners in the field, this volume will be an essential research tool to those working on biodiversity issues in the academic, policy and private sectors.

Value-Based Management in an Open Economy

Author : Walter Amedzro St-Hilaire
Publisher : CRC Press
ISBN 13 : 1000778908
Total Pages : 472 pages
Book Rating : 4.0/5 (7 download)

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Book Synopsis Value-Based Management in an Open Economy by : Walter Amedzro St-Hilaire

Download or read book Value-Based Management in an Open Economy written by Walter Amedzro St-Hilaire and published by CRC Press. This book was released on 2022-10-17 with total page 472 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book investigates the relationship between strategy optimization mechanisms and the efficiency (performance and productivity) in the digital and open economy. The aim of this question on the interactions between strategies, performance, and market forms is to understand how, at the level of value-based management, productivity determines the optimized strategies and how the optimization process is modified according to the performance of the firm. Value-Based Management in an Open Economy: Optimizing Strategy to Improve Business and Performance outlines the conditions under which this relationship is negative, neutral, or positive in the banking sector. Applying economic and managerial principles, the book demonstrates that problems related to the competitive advantage can be successfully analyzed like all other business problems, using traditional tools of economics, finance, and strategy (provided that the dynamics of industry-specific interactions are considered). The author argues that the ability of firms to improve their performance depends on the structure in which these organizations compete and their ability to optimize their value-based management. Key features: Captures the diversity and the interconnection of management control and firm performance issues Analyzes the challenges of contemporary management control in order to provide transversal and sustainable strategic solutions Promotes understanding of the prospects of optimizing mechanisms This volume is intended primarily for those who will be called upon to work as researchers or professionals in the fields of corporate governance and value-based management. The book identifies the technical practices and proposes mechanisms to encourage growth and improve performance. The book will be helpful for renewing strategic approaches and value-based mechanisms in a digital and open economy.

Does Mother Nature Corrupt? Natural Resources, Corruption, and Economic Growth

Author : Mr.Carlos Leite
Publisher : International Monetary Fund
ISBN 13 : 1451850735
Total Pages : 35 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis Does Mother Nature Corrupt? Natural Resources, Corruption, and Economic Growth by : Mr.Carlos Leite

Download or read book Does Mother Nature Corrupt? Natural Resources, Corruption, and Economic Growth written by Mr.Carlos Leite and published by International Monetary Fund. This book was released on 1999-07-01 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper argues that natural resource abundance creates opportunities for rent-seeking behavior and is an important factor in determining a country’s level of corruption. In a simple growth model, we illustrate the interrelationships between natural resources, corruption, and economic growth, and discuss potential anti-corruption policies. We show that the extent of corruption depends on natural resource abundance, government policies, and the concentration of bureaucratic power. Furthermore, the growth effects of natural resource discoveries and anticorruption policies crucially depend on the economy’s state of development. We empirically corroborate the model’s implications in a cross-country framework with both corruption and growth endogenized.

Welfare and Work in the Open Economy: Volume II: Diverse Responses to Common Challenges in Twelve Countries

Author : Fritz W. Scharpf
Publisher : Oxford University Press, USA
ISBN 13 : 0199240914
Total Pages : 679 pages
Book Rating : 4.1/5 (992 download)

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Book Synopsis Welfare and Work in the Open Economy: Volume II: Diverse Responses to Common Challenges in Twelve Countries by : Fritz W. Scharpf

Download or read book Welfare and Work in the Open Economy: Volume II: Diverse Responses to Common Challenges in Twelve Countries written by Fritz W. Scharpf and published by Oxford University Press, USA. This book was released on 2000-09-07 with total page 679 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this ground-breaking, two-volume study of the adjustment of advanced welfare states to international economic pressures, leading scholars detail the wide variety of responses in twelve countries. Rejecting any notion of convergence to some kind of neo-liberal orthodoxy, they find that most countries have remained true to the basic features of their postwar model as they have liberalized. Moreover, within different welfare- state constellations, while some countries are stillstruggling to adjust, others have reached a new sustainable equilibrium. Volume I presents comparative analyses of differences in countries' vulnerabilities and capabilities, the effectiveness of the policy responses, and the role of values and discourse in the politics of adjustment. Volume II presentsin-depth analyses of the experiences of Australia, Austria, Belgium, Denmark, France, Germany, Italy, the Netherlands, New Zealand, Sweden, Switzerland, and the United Kingdom as well as special studies on the the participation of women in the labour market, early retirement, the liberalization of public services, and international tax competition.

EU-Russia energy relations

Author : Böhme, Dimo
Publisher : Universitätsverlag Potsdam
ISBN 13 : 3869562781
Total Pages : 348 pages
Book Rating : 4.8/5 (695 download)

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Book Synopsis EU-Russia energy relations by : Böhme, Dimo

Download or read book EU-Russia energy relations written by Böhme, Dimo and published by Universitätsverlag Potsdam. This book was released on 2014-10-09 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt: Public debate about energy relations between the EU and Russia is distorted. These distortions present considerable obstacles to the development of true partnership. At the core of the conflict is a struggle for resource rents between energy producing, energy consuming and transit countries. Supposed secondary aspects, however, are also of great importance. They comprise of geopolitics, market access, economic development and state sovereignty. The European Union, having engaged in energy market liberalisation, faces a widening gap between declining domestic resources and continuously growing energy demand. Diverse interests inside the EU prevent the definition of a coherent and respected energy policy. Russia, for its part, is no longer willing to subsidise its neighbouring economies by cheap energy exports. The Russian government engages in assertive policies pursuing Russian interests. In so far, it opts for a different globalisation approach, refusing the role of mere energy exporter. In view of the intensifying struggle for global resources, Russia, with its large energy potential, appears to be a very favourable option for European energy supplies, if not the best one. However, several outcomes of the strategic game between the two partners can be imagined. Engaging in non-cooperative strategies will in the end leave all stakeholders worse-off. The European Union should therefore concentrate on securing its partnership with Russia instead of damaging it. Stable cooperation would need the acceptance that the partner may pursue his own goals, which might be different from one’s own interests. The question is, how can a sustainable compromise be found? This thesis finds that a mix of continued dialogue, a tit for tat approach bolstered by an international institutional framework and increased integration efforts appears as a preferable solution.