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

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  • Oura, Asuka
  • Morita, Tadashi

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.

Suggested Citation

  • Oura, Asuka & Morita, Tadashi, 2013. "Neutrality of an increase in the price of natural resources to the level of technology," Economic Modelling, Elsevier, vol. 32(C), pages 347-350.
    • Handle: RePEc:eee:ecmode:v:32:y:2013:i:c:p:347-350
    DOI: 10.1016/j.econmod.2013.02.023
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    References listed on IDEAS

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    1. Peretto, Pietro F., 2009. "Energy taxes and endogenous technological change," Journal of Environmental Economics and Management, Elsevier, vol. 57(3), pages 269-283, May.
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    Cited by:

    1. Niwa, Sumiko, 2016. "Patent claims and economic growth," Economic Modelling, Elsevier, vol. 54(C), pages 377-381.

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    More about this item

    Keywords

    Natural resources; R&D; Economic growth;
    All these keywords.

    JEL classification:

    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives

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