INTERNATIONAL TRADE IN MINING PRODUCTS
Identifieur interne : 001209 ( Istex/Corpus ); précédent : 001208; suivant : 001210INTERNATIONAL TRADE IN MINING PRODUCTS
Auteurs : Graham A. Davis ; Arturo L. Vásquez CordanoSource :
- Journal of Economic Surveys [ 0950-0804 ] ; 2013-02.
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Abstract
Abstract The increase in mineral price volatility since 1970 and worries about the impact of rapidly growing mineral exports on the economic growth of developing countries have created recent interest in mineral trade flows and policies. This paper provides a review of current thinking on the economics of international trade in mining products. Despite mining products’ importance in early formulations of trade theory, there have been relatively few studies that have specifically examined mining product trade flows. The limited evidence that exists supports the idea that factor endowment differences explain much mining product trade. There is some apparent South–South and intra‐industry trade in mining products, but we find no need to resort to the ‘new trade theory’ to explain this. Given worries of substandard growth and development in mining‐based economies, trade policies have been used to try to accelerate the movement towards resource‐based manufacturing. In the light of recent evidence that mining product exporters have not suffered in the long‐run from mining activity, these policies are likely to have been unwarranted. Nevertheless, there is some evidence that the more closed mining economies have had faster growth than the open mining economies, reflecting correction of a political economy trap that causes open mining economies to under‐invest in education.
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DOI: 10.1111/j.1467-6419.2011.00695.x
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Davis</name><affiliation><mods:affiliation>Colorado School of Mines, Economics and Business</mods:affiliation></affiliation></author><author><name sortKey="Vasquez Cordano, Arturo L" sort="Vasquez Cordano, Arturo L" uniqKey="Vasquez Cordano A" first="Arturo L." last="Vásquez Cordano">Arturo L. 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This paper provides a review of current thinking on the economics of international trade in mining products. Despite mining products’ importance in early formulations of trade theory, there have been relatively few studies that have specifically examined mining product trade flows. The limited evidence that exists supports the idea that factor endowment differences explain much mining product trade. There is some apparent South–South and intra‐industry trade in mining products, but we find no need to resort to the ‘new trade theory’ to explain this. Given worries of substandard growth and development in mining‐based economies, trade policies have been used to try to accelerate the movement towards resource‐based manufacturing. In the light of recent evidence that mining product exporters have not suffered in the long‐run from mining activity, these policies are likely to have been unwarranted. 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This paper provides a review of current thinking on the economics of international trade in mining products. Despite mining products’ importance in early formulations of trade theory, there have been relatively few studies that have specifically examined mining product trade flows. The limited evidence that exists supports the idea that factor endowment differences explain much mining product trade. There is some apparent South–South and intra‐industry trade in mining products, but we find no need to resort to the ‘new trade theory’ to explain this. Given worries of substandard growth and development in mining‐based economies, trade policies have been used to try to accelerate the movement towards resource‐based manufacturing. In the light of recent evidence that mining product exporters have not suffered in the long‐run from mining activity, these policies are likely to have been unwarranted. 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This paper provides a review of current thinking on the economics of international trade in mining products. Despite mining products’ importance in early formulations of trade theory, there have been relatively few studies that have specifically examined mining product trade flows. The limited evidence that exists supports the idea that factor endowment differences explain much mining product trade. There is some apparent South–South and intra‐industry trade in mining products, but we find no need to resort to the ‘new trade theory’ to explain this. Given worries of substandard growth and development in mining‐based economies, trade policies have been used to try to accelerate the movement towards resource‐based manufacturing. In the light of recent evidence that mining product exporters have not suffered in the long‐run from mining activity, these policies are likely to have been unwarranted. Nevertheless, there is some evidence that the more closed mining economies have had faster growth than the open mining economies, reflecting correction of a political economy trap that causes open mining economies to under‐invest in education.</abstract><subject lang="en"><genre>keywords</genre><topic>Dutch disease</topic><topic>Factor proportions</topic><topic>International trade</topic><topic>Intra‐industry trade</topic><topic>Metals</topic><topic>Minerals</topic><topic>Mining</topic><topic>Resource curse</topic><topic>South–South trade</topic></subject><relatedItem type="host"><titleInfo><title>Journal of Economic Surveys</title></titleInfo><genre type="journal">journal</genre><identifier type="ISSN">0950-0804</identifier><identifier type="eISSN">1467-6419</identifier><identifier type="DOI">10.1111/(ISSN)1467-6419</identifier><identifier type="PublisherID">JOES</identifier><part><date>2013</date><detail type="volume"><caption>vol.</caption><number>27</number></detail><detail type="issue"><caption>no.</caption><number>1</number></detail><extent unit="pages"><start>74</start><end>97</end><total>24</total></extent></part></relatedItem><identifier type="istex">A61E951C35565C8BAA724BCCD7DD8AF2B4A6774E</identifier><identifier type="DOI">10.1111/j.1467-6419.2011.00695.x</identifier><identifier type="ArticleID">JOES695</identifier><accessCondition type="use and reproduction" contentType="copyright">© 2011 Blackwell Publishing Ltd</accessCondition><recordInfo><recordContentSource>WILEY</recordContentSource><recordOrigin>Blackwell Publishing Ltd</recordOrigin></recordInfo></mods></metadata><serie></serie></istex></record>Pour manipuler ce document sous Unix (Dilib)
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