EconPapers    
Economics at your fingertips  
 

Neutrality of an increase in the price of natural resources to the level of technology

Asuka Oura and Tadashi Morita ()

Economic Modelling, 2013, vol. 32, issue C, 347-350

Abstract: In this paper, to investigate how an increase in the price of natural resources affects the level of technology, we develop an endogenous variety expansion model of a small open economy based on that of Grossman and Helpman (1991, Ch. 3). We conclude that an increase in the price of natural resources has a neutral effect on the level of technology in the long run.

Keywords: Natural resources; R&D; Economic growth (search for similar items in EconPapers)
JEL-codes: F43 O31 (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0264999313000734
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:ecmode:v:32:y:2013:i:c:p:347-350

DOI: 10.1016/j.econmod.2013.02.023

Access Statistics for this article

Economic Modelling is currently edited by S. Hall and P. Pauly

More articles in Economic Modelling from Elsevier
Bibliographic data for series maintained by Nithya Sathishkumar ().

 
Page updated 2021-05-18
Handle: RePEc:eee:ecmode:v:32:y:2013:i:c:p:347-350