This article conducts an empirical study of how access to mineral resources can constrain China's economic growth.The authors reckon that due to the relatively low price elasticity of supply and demand in relation...This article conducts an empirical study of how access to mineral resources can constrain China's economic growth.The authors reckon that due to the relatively low price elasticity of supply and demand in relation to mineral resources over the short run,access to mineral resources places pronounced constraints on economic growth in the short run,but only marginal constraints on economic growth in the long run.This split is the result of alternate resource substitution and technological progress.In this article,the authors have calculated the actual effects of access to mineral resources on China's economic growth using 2001-2006 mineral resource import and export data.The results of these calculations show that,in the short run,access to mineral resources is increasingly placing constraints on China's economic growth.The value of these constraints rose from 4.96% of GDP in 2006 to 5.74% of GDP in 2007 (estimated).Contrastingly,in the long run,the constraints that access to mineral resources place on China's economic growth are quite limited at approximately 0.23% of GDP.展开更多
基金This artide is an interim result of the project:"the development of simutation technology of inter-regional economic developments (2006BAC18803)"Supported by the National science and Technology Support Program+1 种基金This article pertains to a project under the National Science and Technology Supporting Plan entitled "A Dynamic Simulation of Technological Development Amid Economic Development Across Regions (2006BAC18B03)"CASS key project entitled "A Study of Resource and Environmental Regulatory Reform Versus Industrial Competitiveness Increase"
文摘This article conducts an empirical study of how access to mineral resources can constrain China's economic growth.The authors reckon that due to the relatively low price elasticity of supply and demand in relation to mineral resources over the short run,access to mineral resources places pronounced constraints on economic growth in the short run,but only marginal constraints on economic growth in the long run.This split is the result of alternate resource substitution and technological progress.In this article,the authors have calculated the actual effects of access to mineral resources on China's economic growth using 2001-2006 mineral resource import and export data.The results of these calculations show that,in the short run,access to mineral resources is increasingly placing constraints on China's economic growth.The value of these constraints rose from 4.96% of GDP in 2006 to 5.74% of GDP in 2007 (estimated).Contrastingly,in the long run,the constraints that access to mineral resources place on China's economic growth are quite limited at approximately 0.23% of GDP.
