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Economics of Export Restrictions as Applied to Industrial Raw Materials

Author

Listed:
  • K.C. Fung

    (University of California)

  • Jane Korinek

    (OECD)

Abstract

Governments intervene in non-renewable natural resources sectors more than in many others, including through the use of export taxes and quotas. Industrial raw materials sectors are characterized by a number of specificities: production is often geographically concentrated, firms are often large with substantial market power, production processes are highly capital intensive, products are relatively homogeneous and potentially substantial differences in costs of production are prevalent. This paper aims to increase understanding of the economic effects of export restrictions, in particular as they apply to the mining sector. It ascertains the prevalence of export restrictions on metals and minerals, proposes a Cournot-Nash model of export restrictions, suggests some of the economic effects due to the presence of export restrictions, and draws some implications for trade policy among producing and consuming countries of non-renewable natural resources.

Suggested Citation

  • K.C. Fung & Jane Korinek, 2013. "Economics of Export Restrictions as Applied to Industrial Raw Materials," OECD Trade Policy Papers 155, OECD Publishing.
    • Handle: RePEc:oec:traaab:155-en
    DOI: 10.1787/5k46j0r5xvhd-en
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    Citations

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    Cited by:

    1. Yasushi Kawabata, 2020. "Strategic export policy towards raw materials in vertically related markets," International Journal of Economic Policy Studies, Springer, vol. 14(1), pages 239-253, February.
    2. Pierre-Louis Vézina, 2015. "Illegal trade in natural resources: Evidence from missing exports," International Economics, CEPII research center, issue 142, pages 152-160.
    3. repec:oxf:wpaper:oxcarre-research-paper-139 is not listed on IDEAS
    4. repec:ocp:rpaper:rp-1930 is not listed on IDEAS
    5. Bürgi Bonanomi, Elisabeth & Elsig, Manfred & Espa, Ilaria, 2015. "The Commodity Sector and Related Governance Challenges from a Sustainable Development Perspective: The Example of Switzerland Current Research Gaps," Papers 865, World Trade Institute.

    More about this item

    Keywords

    Cournot-Nash model; export ban; export prohibition; export quotas; export restrictions; export taxes; extractive industries; industrial raw materials; mining sector;
    All these keywords.

    JEL classification:

    • F12 - International Economics - - Trade - - - Models of Trade with Imperfect Competition and Scale Economies; Fragmentation
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • L72 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Mining, Extraction, and Refining: Other Nonrenewable Resources
    • Q37 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Issues in International Trade

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