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Author: Centre for Economic Policy Research (Great Britain)
Publisher: Cambridge, Mass. : MIT Press
ISBN:
Category : Business & Economics
Languages : en
Pages : 376
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Book Description
These contributions bring both theoretical models and case studies to bear on the consequences of natural resource discoveries in developed and developing countries. Whether it is natural gas in the Netherlands, oil in the UK, Norway, or Mexico, or minerals in Australia, these discoveries have been accused of causing severe structural problems, which have been given the name "Dutch Disease." Although a sizeable literature dealing with various aspects of the Dutch Disease has now developed, this is the first attempt to confront theory with evidence. Natural Resources and the Macroeconomycontains contributions by such scholars as Alan Gelb, Ricardo Martin, Kadir R. Yurukoglu, and Shahid A. Chaudhry (all at the World Bank); Jeroen J. M. Kremers (Oxford University); Julie Aklaksen and Olav Bjerkholt (Central Bureau of Statistics, Oslo); Lance Taylor (MIT); William Branson (Princeton); Partha Dasgupta (University of Cambridge); and Ronald Jones (University of Rochester). The editors, J. Peter Neary (University College, Dublin) and Sweder Van Wijnbergen (World Bank) have written the opening chapter, Natural Resources and the Macroeconomy: A Theoretical Framework. Other topics include: Adjustment to Windfall Gains: A Comparative Analysis of Oil Exporting Countries; Government and the Dutch Disease in the Netherlands; Policy Analysis of Shadow Pricing, Foreign Borrowing, and Resource Extraction in Egypt; Certainty Equivalent Procedures in the Macroeconomic Planning of an Oil Economy: The Case of Norway; A Macro Model of an Oil Exporter: Nigeria; Commodity Export Prices and the Real Exchange Rate in Columbia: The Money-Inflation Link; Booming Sectors and Structural Change in Australia and Britain; Indonesia's Other Dutch Disease: Economic Effects of the Petroleum Boom. The book concludes with a roundtable discussion which illustrates the divergent views among economists of the consequences of natural resource booms and the appropriate policies which should be adopted toward them. The book is based on a conference held in June 1985 by the Centre for Economic Policy Research in London.
Author: Centre for Economic Policy Research (Great Britain)
Publisher: Cambridge, Mass. : MIT Press
ISBN:
Category : Business & Economics
Languages : en
Pages : 376
Get Book Here
Book Description
These contributions bring both theoretical models and case studies to bear on the consequences of natural resource discoveries in developed and developing countries. Whether it is natural gas in the Netherlands, oil in the UK, Norway, or Mexico, or minerals in Australia, these discoveries have been accused of causing severe structural problems, which have been given the name "Dutch Disease." Although a sizeable literature dealing with various aspects of the Dutch Disease has now developed, this is the first attempt to confront theory with evidence. Natural Resources and the Macroeconomycontains contributions by such scholars as Alan Gelb, Ricardo Martin, Kadir R. Yurukoglu, and Shahid A. Chaudhry (all at the World Bank); Jeroen J. M. Kremers (Oxford University); Julie Aklaksen and Olav Bjerkholt (Central Bureau of Statistics, Oslo); Lance Taylor (MIT); William Branson (Princeton); Partha Dasgupta (University of Cambridge); and Ronald Jones (University of Rochester). The editors, J. Peter Neary (University College, Dublin) and Sweder Van Wijnbergen (World Bank) have written the opening chapter, Natural Resources and the Macroeconomy: A Theoretical Framework. Other topics include: Adjustment to Windfall Gains: A Comparative Analysis of Oil Exporting Countries; Government and the Dutch Disease in the Netherlands; Policy Analysis of Shadow Pricing, Foreign Borrowing, and Resource Extraction in Egypt; Certainty Equivalent Procedures in the Macroeconomic Planning of an Oil Economy: The Case of Norway; A Macro Model of an Oil Exporter: Nigeria; Commodity Export Prices and the Real Exchange Rate in Columbia: The Money-Inflation Link; Booming Sectors and Structural Change in Australia and Britain; Indonesia's Other Dutch Disease: Economic Effects of the Petroleum Boom. The book concludes with a roundtable discussion which illustrates the divergent views among economists of the consequences of natural resource booms and the appropriate policies which should be adopted toward them. The book is based on a conference held in June 1985 by the Centre for Economic Policy Research in London.
Author: J. Peter Neary
Publisher:
ISBN:
Category : Macroeconomics
Languages : en
Pages : 36
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Book Description
Author: Barry C. Field
Publisher: Waveland Press
ISBN: 1478610824
Category : Business & Economics
Languages : en
Pages : 480
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Book Description
People make decisions regarding the use of natural resources every day, from the individual recycling a sheet of paper to governments of large nations creating energy policy. Those decisions ultimately affect people around the world. Their motivation and results are best framed and analyzed using the tools of natural resource economics. Field presents the methods and applications of the discipline in the latest edition of his popular text. The updated book retains its successful structure, first presenting basic economic principles as they apply to natural resource use and then examining the economic issues surrounding individual resources. New material is included on: energy demand and efficiency; nonrenewable resources; individual transferable fishing quotas; water pricing; agricultural cropland programs; and the Endangered Species Act.
Author: Edward Barbier
Publisher: Cambridge University Press
ISBN: 9780521706513
Category : Business & Economics
Languages : en
Pages : 438
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Book Description
A comprehensive analysis of natural resource use and economic development in poor countries, first published in 2005.
Author: John M. Hartwick
Publisher: Reading, Mass. ; Don Mills, Ont. : Addison-Wesley
ISBN:
Category : Business & Economics
Languages : en
Pages : 456
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Book Description
This text is a comprehensive examination of the economics of using natural reosurces in the modern economy. Presenting economic concepts essential to examining how resources can be sustained, extracted and harvested extensive use is made of diagrams and accompanying algebraic models.* NEW! This edition of the text features a new organization. The first section is an overview of techniques, the second focuses on static models of natural resource use, and the third examines dynamic models of natural resource use. * NEW! Revised and updated cases use real-world examples and show how they are linked to natural resource modeling. * NEW! Text pedagogy has been improved overall, including a much more extensive use of graphs. * Only current book solely on natural resources (without environmental econ) for all of North America. * The Second Edition stresses the economics of sustainability; continues thorough coverage of land and water use, fisheries, pollution policy, non-renewable resources, and forests. * Advanced chapters are included for use in honors/graduate courses: e.g., parts of Chapters 3, 9, 11, and 12.
Author: Roger Perman
Publisher: Longman Publishing Group
ISBN:
Category : Environmental economics
Languages : en
Pages : 600
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Book Description
Natural Resource and Environmental Economics provides a modern. comprehensive and clear and authoritative introduction to the economic analysis to environmental issues.
Author: Daniel Lederman
Publisher: World Bank Publications
ISBN: 0821365460
Category : Nature
Languages : en
Pages : 396
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Book Description
'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.
Author: Mr.Suman S Basu
Publisher: International Monetary Fund
ISBN: 1484309812
Category : Business & Economics
Languages : en
Pages : 37
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Book Description
To investigate the effects on Papua New Guinea’s economy of substantial liquified natural gas revenues arriving in 2015, we employ a model to examine the macroeconomic effects of a scalingup of natural resource windfall revenues and the implications for a variety of policy responses. The model is a multi-sector dynamic stochastic general equilibrium (DSGE) model, and features components that allow for a detailed study of the effects of both fiscal and monetary policy in response to a positive shock to the mineral resource value of a country. The model contains tradable, non-tradable, and mining sectors, as well as an independent central bank and fiscal authority. We calibrate the model to the current economy of Papua New Guinea and run a suite of policy simulations. We find that macroeconomic effects from a resource boom typically associated with Dutch Disease effects such as a real appreciation and a fall in tradable sector production stem largely from the non-tradable component of government spending. The central bank can offset the real appreciation, but not without crowding out the private sector. A sovereign wealth fund (SWF), combined with a smooth capital spending path, entails the best means of dealing with macroeconomic volatility and maintaining a stable fiscal regime.
Author: Mr.Arvind Subramanian
Publisher: International Monetary Fund
ISBN: 1451856067
Category : Nature
Languages : en
Pages : 47
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Book Description
Some natural resources-oil and minerals in particular-exert a negative and nonlinear impact on growth via their deleterious impact on institutional quality. We show this result to be very robust. The Nigerian experience provides telling confirmation of this aspect of natural resources. Waste and poor institutional quality stemming from oil appear to have been primarily responsible for Nigeria's poor long-run economic performance. We propose a solution for addressing this resource curse which involves directly distributing the oil revenues to the public. Even with all the difficulties that will no doubt plague its actual implementation, our proposal will, at the least, be vastly superior to the status quo. At best, however, it could fundamentally improve the quality of public institutions and, as a result, durably raise long-run growth performance.
Author: Orris Clemens Herfindahl
Publisher: Merrill Publishing Company
ISBN:
Category : Business & Economics
Languages : en
Pages : 424
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Book Description
USA. Textbook on the economic theory of natural resources - includes diagrams, flow charts, graphs and references.
