| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP8903 |
| DP8903 International trade in natural resources: Practice and policy | |
| Anthony Venables; Michele Ruta | |
| 发表日期 | 2012-03-01 |
| 出版年 | 2012 |
| 语种 | 英语 |
| 摘要 | Natural resources account for 20% of world trade, and dominate the exports of many countries. Policy is used to manipulate both international and domestic prices of resources, yet this policy is largely outside the disciplines of the WTO. The instruments used include export taxes, price controls, production quotas, and domestic producer and consumer taxes (equivalent to trade taxes if no domestic production is possible). We review the literature, and argue that the policy equilibrium is inefficient. This inefficiency is exacerbated by market failure in long run contracts for exploration and development of natural resources. Properly coordinated policy reforms offer an avenue to resource exporting and importing countries to overcome these inefficiencies and obtain mutual gains. |
| 主题 | Energy |
| 关键词 | Export tax Natural resources Opec Tariff escalation Terms of trade Trade Wto |
| URL | https://cepr.org/publications/dp8903 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/537733 |
| 推荐引用方式 GB/T 7714 | Anthony Venables,Michele Ruta. DP8903 International trade in natural resources: Practice and policy. 2012. |
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