Resources and North-South Trade: A Macro Analysis in Open Economies

2189 20 2194 3 4383 document 2194 WP-83-123.pdf application/pdf 971c1ce97e7098e90c8dc507384d7968 MD5 868312 2016-01-15 01:52:56 https://pure.iiasa.ac.at/id/eprint/2189/1/WP-83-123.pdf 2189 1 1 text en public

WP-83-123.pdf

22 f9b89f489ccdc282d9a834bc0f199148841928c5 22168 1 33900 document 22168 indexcodes.txt text/x-asm c74e9f7c693a2a2b1aede5dc5d361094 MD5 7037 2016-01-15 16:19:16 https://pure.iiasa.ac.at/id/eprint/2189/2/indexcodes.txt 2189 2 2 text/x-asm other Generate index codes conversion from text to indexcodes en public

indexcodes.txt

lightbox.jpg

preview.jpg

medium.jpg

small.jpg

WP-83-123.pdf

http://eprints.org/relation/isVersionOf https://pure.iiasa.ac.at/id/document/2194 http://eprints.org/relation/isVolatileVersionOf https://pure.iiasa.ac.at/id/document/2194 http://eprints.org/relation/isCoversheetVersionOf https://pure.iiasa.ac.at/id/document/2194 archive 351 disk0/00/00/21/89 2016-01-15 01:52:56 2021-08-27 17:11:17 2016-01-15 01:52:56 monograph show 2 Chichilnisky G. AL0564 Resources and North-South Trade: A Macro Analysis in Open Economies pub iis_ecn iis_sys prog_sds This paper explores the impact of resource export policies on the major macro variables of exporting and importing economies. Two regions, North and South, trade resources for industrial goods. Each region produces two goods with three factors: capital, labor and resources. The relative prices in the five factor and goods markets, as well as the outputs, consumption and international trade levels, are all determined endogenously. The general equilibrium is parameterized by the volume of resources traded. An increase in resource exports may be either beneficial or harmful, depending on the characteristics of the trading economies. When the South's economy is dual, the North's homogeneous, and the rates of profit are high, increases in resource exports are associated with lower real wages, employment and consumption in the South; the South's terms of trade and its export revenues decrease. This is traced to changes in the domestic terms of trade between the traditional and the industrial sectors. However, the profits in the South increase, thus explaining in part the expansion of exports under these circumstances. More favorable outcomes are obtained by increasing resource exports when the exporting economy is more homogeneous. Sufficient conditions are given for an export policy that increases the welfare of the exporting country, improves its international terms of trade and increases its export revenues. The characteristics which determine whether an expansion of resource exports is beneficial or harmful to the economy are the structure of the economy and the endogenous factor prices. Since the equilibria and the associated values of endogenous variables are determined for a given level of resource exports, it follows that whether it is better to increase or decrease the volume of resources exported will depend on the equilibrium level of exports. It is therefore possible to determine the optimal level of exports for an economy of a given structure. 1983-12 published WP-83-123 WP-83-123 1810 public working_paper IIASA, Laxenburg, Austria 38 FALSE info:eu-repo/semantics/book