Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 14-Day Trial for You or Your Team.

Learn More →

SOME GENERAL EQUILIBRIUM EFFECTS OF MINING GROWTH ON THE ECONOMY

SOME GENERAL EQUILIBRIUM EFFECTS OF MINING GROWTH ON THE ECONOMY The effects of mining sector growth are analysed with a five‐sector general equilibrium model. The effect of the mineral discoveries is to cause the agricultural sector to contract, but to cause the import‐competing sector to expand by a small amount–a result which differs from Gregory's (1976) analysis. However, a mining boom caused by increases in external demand, rather than by new discoveries, leads to a different set of results. Some likely effects of the boom on the growth rates of the different sectors in the economy are reported. Finally, the effects of an export tax on minerals are considered. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The Australian Journal of Agricultural Resource Economics Wiley

SOME GENERAL EQUILIBRIUM EFFECTS OF MINING GROWTH ON THE ECONOMY

Loading next page...
 
/lp/wiley/some-general-equilibrium-effects-of-mining-growth-on-the-economy-nET0tH15eH

References (10)

Publisher
Wiley
Copyright
Copyright © 1979 Wiley Subscription Services, Inc., A Wiley Company
ISSN
1364-985X
eISSN
1467-8489
DOI
10.1111/j.1467-8489.1979.tb00225.x
Publisher site
See Article on Publisher Site

Abstract

The effects of mining sector growth are analysed with a five‐sector general equilibrium model. The effect of the mineral discoveries is to cause the agricultural sector to contract, but to cause the import‐competing sector to expand by a small amount–a result which differs from Gregory's (1976) analysis. However, a mining boom caused by increases in external demand, rather than by new discoveries, leads to a different set of results. Some likely effects of the boom on the growth rates of the different sectors in the economy are reported. Finally, the effects of an export tax on minerals are considered.

Journal

The Australian Journal of Agricultural Resource EconomicsWiley

Published: Apr 1, 1979

There are no references for this article.