| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP9582 |
| DP9582 Distributional Impact of Commodity Price Shocks: Australia over a Century | |
| Jeffrey G. Williamson | |
| 发表日期 | 2013-08-04 |
| 出版年 | 2013 |
| 语种 | 英语 |
| 摘要 | This paper explores the distributional impact of commodity price shocks over the both the short and very long run. Using a GARCH model, we find that Australia experienced more volatility than many commodity exporting poor countries between 1865 and 2007. A single equation error correction model suggests that commodity price shocks increase the income share of the top 1, 0.05, and 0.01 percent in the short run. The very top end of the income distribution benefits from commodity booms disproportionately more than the rest of society. The short run effect is mainly driven by wool and mining and not agricultural commodities. A sustained increase in the price of renewables (wool) reduces inequality whereas the same for non-renewable resources (minerals) increases inequality. We expect that the initial distribution of land and mineral resources explains the asymmetric result. |
| 主题 | Economic History ; International Trade and Regional Economics |
| 关键词 | Australia Commodity price shocks Commodity exporters Income inequality |
| URL | https://cepr.org/publications/dp9582 |
| 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/538417 |
| 推荐引用方式 GB/T 7714 | Jeffrey G. Williamson. DP9582 Distributional Impact of Commodity Price Shocks: Australia over a Century. 2013. |
| 条目包含的文件 | 条目无相关文件。 | |||||
| 个性服务 |
| 推荐该条目 |
| 保存到收藏夹 |
| 导出为Endnote文件 |
| 谷歌学术 |
| 谷歌学术中相似的文章 |
| [Jeffrey G. Williamson]的文章 |
| 百度学术 |
| 百度学术中相似的文章 |
| [Jeffrey G. Williamson]的文章 |
| 必应学术 |
| 必应学术中相似的文章 |
| [Jeffrey G. Williamson]的文章 |
| 相关权益政策 |
| 暂无数据 |
| 收藏/分享 |
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
