Skip navigation
Skip navigation

Depletion of non-renewable resources imported by China

Day, Creina; Day, Garth

Description

This paper presents a model of resource management for resource exporters to analyse how the persistence of resource intensive growth in China should affect the depletion of non-renewable resources imported by China. We show that the depletion rate equals the difference between the price elasticity of China's resource import demand times the world interest rate and growth in China's resource import demand. Results indicate that: the temporary increase in China's demand associated with...[Show more]

dc.contributor.authorDay, Creina
dc.contributor.authorDay, Garth
dc.date.accessioned2015-12-13T22:30:47Z
dc.identifier.issn1043-951X
dc.identifier.urihttp://hdl.handle.net/1885/74999
dc.description.abstractThis paper presents a model of resource management for resource exporters to analyse how the persistence of resource intensive growth in China should affect the depletion of non-renewable resources imported by China. We show that the depletion rate equals the difference between the price elasticity of China's resource import demand times the world interest rate and growth in China's resource import demand. Results indicate that: the temporary increase in China's demand associated with stockpiling resources raises the level of resources extracted for export to China, but does not affect the rate at which resources are depleted over time; the growth in China's demand for resource imports and exponential rise in prices during the contemporary resources boom reduces the rate at which resources should be depleted over time; the depletion rate picks up towards the end of the boom as the growth in China's demand is set to slow. Patterns in the depletion rate of iron ore exported to China, 2001-2011 are in line with the theory.
dc.publisherElsevier
dc.sourceChina Economic Review
dc.titleDepletion of non-renewable resources imported by China
dc.typeJournal article
local.description.notesImported from ARIES
local.identifier.citationvolume30
dc.date.issued2014
local.identifier.absfor140205 - Environment and Resource Economics
local.identifier.ariespublicationU3488905xPUB4416
local.type.statusPublished Version
local.contributor.affiliationDay, Creina, College of Asia and the Pacific, ANU
local.contributor.affiliationDay, Garth, College of Business and Economics, ANU
local.description.embargo2037-12-31
local.bibliographicCitation.startpage235
local.bibliographicCitation.lastpage243
local.identifier.doi10.1016/j.chieco.2014.06.013
local.identifier.absseo850604 - Energy Transmission and Distribution (excl. Hydrogen)
dc.date.updated2015-12-11T08:56:37Z
local.identifier.scopusID2-s2.0-84905656325
local.identifier.thomsonID000342253200018
CollectionsANU Research Publications

Download

File Description SizeFormat Image
01_Day_Depletion_of_non-renewable_2014.pdf373.27 kBAdobe PDF    Request a copy


Items in Open Research are protected by copyright, with all rights reserved, unless otherwise indicated.

Updated:  19 May 2020/ Responsible Officer:  University Librarian/ Page Contact:  Library Systems & Web Coordinator