Advanced Search
MyIDEAS: Login to save this paper or follow this series

International trade in resources: a general equilibrium analysis

Contents:

Author Info

  • Chichilnisky, Graciela

Abstract

Physical considerations alone cannot explain the volatile behavior of resource prices, or the effects these have on different regions of the world. An optimization analysis may not suffice either, since typically there are several distinct objectives: conservation, cost-minimization, and the maximization of revenues by resource exporters. These issues require an economy analysis of markets. Markets for resources interact rather strongly with other markets: for goods such as food or industrial products and for inputs to production such as labor and capital. Such interactions are best studied with general equilibrium tools. These tools explain trade and the determination of prices across different markets. In a general equilibrium model, different economic agents have typically different objectives, a useful feature for the study of resource markets. Trade in resources takes place largely across different regions, so one is dealing with international trade. A system of simultaneous nonlinear equation can easily become unmanageable, and require computer analysis. Computer solutions cannot, however, disclose laws of economic behavior, nor can they explain why and how certain policies work. The challenge is therefore to represent the economy by a set of equations which is sufficiently simple to admit analytic or simple implicit solutions and the study of their qualitative behavior, while at the same time retaining the complexity needed to explore the issues involved. This paper will show how to perform this task and apply the results to study policy in the area of natural resources.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://mpra.ub.uni-muenchen.de/8356/
File Function: original version
Download Restriction: no

Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 8356.

as in new window
Length:
Date of creation: 1985
Date of revision:
Handle: RePEc:pra:mprapa:8356

Contact details of provider:
Postal: Schackstr. 4, D-80539 Munich, Germany
Phone: +49-(0)89-2180-2219
Fax: +49-(0)89-2180-3900
Web page: http://mpra.ub.uni-muenchen.de
More information through EDIRC

Related research

Keywords: resources; resource pricing; general equilibrium; international trade; nonlinear equations; policy; comparative statics; north-south; oil markets; trade; debt; transfer;

Find related papers by JEL classification:

References

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
as in new window
  1. Chichilnisky, Graciela, 1984. "North-South trade and exported-led policies," Journal of Development Economics, Elsevier, vol. 15(1-3), pages 131-160.
  2. Chichilnisky, Graciela & Heal, Geoffrey & McLeod, Darryl, 1983. "Resources, trade and debt: the case of Mexico," MPRA Paper 8074, University Library of Munich, Germany.
  3. Chichilnisky, Graciela, 1988. "Resources and North-South trade: a macro analysis in open economies," MPRA Paper 8120, University Library of Munich, Germany.
  4. Chichilnisky, Graciela, 1980. "Basic goods, the effects of commodity transfers and the international economic order," Journal of Development Economics, Elsevier, vol. 7(4), pages 505-519, December.
  5. Chichilnisky, Graciela, 1981. "Terms of trade and domestic distribution : Export-led growth with abundant labour," Journal of Development Economics, Elsevier, vol. 8(2), pages 163-192, April.
Full references (including those not matched with items on IDEAS)

Citations

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as in new window

Cited by:
  1. Chichilnisky, Graciela, 1994. "North-South trade, property rights and the dynamics of environmental resources," MPRA Paper 8415, University Library of Munich, Germany.
  2. Chichilnisky, Graciela, 1994. "Property rights and the dynamics of renewable resources in North-South trade, Chapter 1," MPRA Paper 8513, University Library of Munich, Germany.
  3. Chichilnisky, Graciela & Abraham, Ralph & Record, Ron, 1998. "North-South trade and the dynamics of the environment, Chapter 2.2," MPRA Paper 8818, University Library of Munich, Germany.

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:8356. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ekkehart Schlicht).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.