| Document Type
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BL
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| Record Number
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728324
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| Doc. No
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b548062
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| Main Entry
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with contributions by K. Enders [and others] ; edited by Horst Siebert.
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| Title & Author
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The Resource sector in an open economy\ with contributions by K. Enders [and others] ; edited by Horst Siebert.
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| Publication Statement
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Berlin ; New York: Springer-Verlag, 1984
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| Series Statement
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Lecture notes in economics and mathematical systems, 200.
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| Page. NO
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(ix, 161 pages) : illustrations
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| ISBN
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364246484X
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: 9783642464843
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| Contents
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I. Allocation Policy in a Resource-Exporting Country.- 1. The Role of Resource Exports.- 2. The Impact of the Resource Sector on the Economy.- 3. Intertemporal Allocation.- 3.1 Intertemporal Optimality.- 3.2 Factors Influencing Intertemporal Supply.- 4. Some Policy Issues.- II. On the Short-Run and Long-Run Effects of a Resource Boom.- 1. Introduction.- 2. Possible Causes of a Resource Boom.- 3. Short-Run Effects of a Resource Boom.- 3.1 Model 1: The Transfer-Equivalent Effect of a Resource Boom.- 3.2 Model 2: The Direct Resource-Pull Effect of an Export Boom.- 3.3 Model 3: Real Wage Inflexibility.- 4. Some Long-Run Considerations.- 5. Concluding Remarks.- III. More on the Consequences of a Resource Boom and the Cures of the Dutch Disease.- 1. Introduction.- 2. The Model.- 2.1 Notation.- 2.2 Assumptions.- 2.3 Some Basic Relationships.- 3. Consequences of a Resource Boom.- 3.1 The Case of a Resource-Output Boom.- 3.2 The Case of a Resource-Price Boom.- 4. Policies Against Adverse Boom Effects.- 4.1 Demand Policy.- 4.2 Wage Policy.- 4.3 Devaluation.- 4.4 Resource-Price Subsidy.- 4.5 Production-Cost Subsidy.- 4.6 Import Tariffs.- 5. Extensions and General Conclusions.- IV. Taxation of the Australian Resource Sector.- 1. Some Institutional Background.- 2. Mineral Profits, Taxation and Riskiness.- 3. Mineral Exports - Impact on other Sectors.- 4. Taxation and the Sale of Mineral Leases.- 5. The Objectives of Taxation Policy.- 6. Auctioning of Leases versus Resource Taxation.- 7. Exhaustability and Taxation.- 8. Bonanzas.- 9. The Northern Territory - The Proposed Mineral Royalty Bill.- 10. Conclusion.- V. Diversification and Stabilization in a Resource-Exporting Country.- 1. Introduction.- 2. Disturbances in a Small Commodity Exporting Country.- 2.1 The Case of Flexible Exchange Rates.- 2.2 The Case of Fixed Exchange Rates.- 2.3 Gains and Losses from a Diversification Policy.- 3. Analytical Framework.- 3.1 Sector Disaggregation.- 3.2 System of Equations.- 3.3 Experiments.- 4. Results.- 4.1 Export Diversification.- 4.2 Instability under Flexible Exchange Rates.- 4.3 Opportunity Costs of Stabilization under Fixed Exchange Rates.- 4.4 Instability under Fixed Exchange Rates.- 5. Summary and Conclusions.- Author Index.
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| Subject
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Grondstoffen.
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| Subject
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Natural resources -- Government policy -- Congresses.
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| Subject
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Natural resources -- Government policy.
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| LC Classification
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HC13.W584 1984
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| Added Entry
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Horst Siebert
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Klaus-Stefan Enders
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