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Title
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Unfolding the price effects of non-ferrous industry chain on economic development : a case study of Yunnan province
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Author
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Abstract
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| Price changes in the non-ferrous metal industry affect economic development, especially in resource-rich regions. However, the degree of price fluctuation differs among sectors in this industry. These differences would mislead policy makers on formulating policy about the long-term development of economic and industry. Existing studies do not present the whole feature picture regarding the effects of price changes in the non-ferrous metal industry. This paper analyzes the segmented effects of prices in the non-ferrous metal industry chain on economic development in Yunnan province, China. The effects caused by price changes in the mining, smelting, and processing sectors were studied using a static computable general equilibrium model with a looping algorithm to avoid omitting the key point of price. Furthermore, the relationships between sectors are discussed by categorizing the effects into crowding-out and pulling effects. Considering the situation of non-ferrous industry in China, the scenarios of price change between 30% and 30% in different sectors of the non-ferrous metal industry were developed. The results show that decreases in the smelting price benefit regional economic development and international trade. Price changes in the mid-stream smelting sector generate more pulling effects than changes in other sectors. This suggests that regional economic development can be promoted by adjusting the smelting price of non-ferrous metals in regions with abundant non-ferrous metal resources. Moreover, as price changes bring different crowding-out and pulling effects among sectors, new price-related policies should consider the effects on other sectors of the industry. |
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Language
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English
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Source (journal)
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Resources policy / International Editorial Board. - Guildford
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Publication
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Guildford
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2019
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ISSN
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0301-4207
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DOI
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10.1016/J.RESOURPOL.2019.01.011
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Volume/pages
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61
(2019)
, p. 1-20
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ISI
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000469889800001
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Full text (Publisher's DOI)
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Full text (publisher's version - intranet only)
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