Mining and corruption

This study examines the links between mineral dependency and corruption. Specifically, it develops a cross-section econometric model that estimates the effects of per capita income, fuel exports, non-fuel exports, and average per unit value of mineral exports on corruption.     

Citizen funds and Dutch Disease in developing countries

Are Alaska-style citizen revenue distribution funds the solution to the resource curse in developing countries as their proponents conjecture? Unfortunately it appears not. First, it is questionable whether developing countries have the institutional capacity to implement and operate such funds successfully. Second, citizen funds are unlikely to have any substantial impact on governance and their macroeconomic effects are uncertain. Finally, as a comparative case study of the three natural resource-intensive economies that successfully steered clear of excessive real appreciation and crowding out of the non-minerals tradables sector—Botswana, Indonesia and Norway—shows, citizen funds are likely to carry detrimental indirect effects on the ability of governments to surmount the Dutch Disease.     

典型工业沿海区域的大气环境腐蚀性评价

目的 利用现役金属材料对工业沿海区域所处不同大气环境进行环境腐蚀性评价,并研究不同金属材料的腐蚀行为差异性,探讨工业沿海大气环境下金属材料的耐蚀性选择。方法 在不同大气环境下,选择现役金属材料Q235、16MnNi和L415开展1 a的户外曝晒试验,并利用质量损失分析、扫描电镜等手段,通过对金属基材进行腐蚀机理研究,评价大气环境的腐蚀性。结果 Q235、16MnNi和L415等3种钢在不同区域沿海工业大气环境下的腐蚀行为受大气腐蚀环境的影响较大,腐蚀产物中含有一定量的Cl和S。同种金属材料表面锈层的特殊结构,使得其基体与大气环境中的腐蚀因子相接触,引发了金属材料在不同大气腐蚀环境中不同腐蚀行为的差异性。结论 工业沿海区域的大气环境中,大气腐蚀性差异由酸循环腐蚀机制形成。3种钢材在腐蚀初期,由于锈层多孔隙结构和可溶性腐蚀产物形成,加重了腐蚀程度。黄岛区域、曹妃甸区域、岚山区域和湛江区域的大气腐蚀等级分别为C2、C3、C2、C3级。     

荷木树干CO2释放通量的个体间差异及树干液流的效应

为研究荷木(Schima superba)个体间树干CO2释放通量(Es)的差异以及树干液流对Es的影响,提高森林生态系统呼吸计算准确性,利用红外气体分析仪及自制式气室于2009年湿季和干季监测了华南荷木人工林5棵样树的Es,并同步监测了树干温度(θs)、气温及液流密度.结果显示:θs与气温之间呈显著线形正相关;Es与树干温度之间存在显著指数函数关系;Es干湿季的差异显著,并呈现明显的季节变化;5株样树之间Es存在显著差异,平均Es分别为3.12、3.60、5.52、6.98、8.09μmol m-2 s-1;同时,样树之间树干CO2释放通量的温度系数(Q10)差异显著(1.97～4.24之间).Tree1、Tree2和Tree4白天的Es与液流速度(v)显著正相关,白天的标准化树干CO2释放通量(R25,温度为25℃时的Es)高于晚上.荷木Es个体之间及时间上的差异主要受树干温度、生长状况和液流速度的影响.图3表6参35     

Is Russia suffering from Dutch Disease? Cointegration with structural break

This paper examines whether Russia suffers from “Dutch Disease” by investigating the real appreciation of the Russian ruble and the relative de-industrialization in the post Soviet Union-era. According to UNDP Russia Report (2009) the Russian economy has indeed exhibited some typical symptoms of “Dutch Disease” in recent years as upward movements in oil prices are accompanied by a reduction in the share of manufacturing output and an increase in service prices. Furthermore, the report claims that these developments may trigger a recession in Russia in the future. Using Gregory and Hansen (1996a, 1996b) and Arai and Kurozumi (2007) structural break cointegration frameworks, our results indicate that the Russian economy exhibits some typical symptoms of “Dutch Disease”. Although the diagnosis is not certain, the risk is evident. Hence, policies that would make the Russian economy more robust to shocks in the oil price need to be carefully designed and implemented.     

The role of price expectations and legal uncertainties in ocean mineral,exploration activities

In this paper, a standard exploration activities model is modified and applied to time series, data from deep seabed mining of a group of minerals where the number of patents is used as a proxy, for the level of mineral exploration activities. In addition to the rational expectations model, price, expectations formation for mineral prices is decomposed into trend and cyclical components using the, HP-filter method. Estimated parameters from the supply and cost functions are used to determine the, shadow price of the minerals. The non-linear instrumental variables estimator is employed to estimate, the exploration activities function. While the rational expectations model shows the importance of, current prices on exploration efforts, the HP-filter model suggests that firms concentrate on the trend, in prices rather than the short-run cyclical fluctuations. Also, while the U.S. refusal to ratify the LOSC, has increased the legal uncertainties surrounding the management of ocean resources and reduced the, incentive to engage in exploration activities, the passage of the ISA's main legislative accomplishment, regarding regulation of the explorations for polymetallic nodules appear to have made a positive effect.     

The terms of trade debate and the policy implications for primary product producers

The terms of trade debate initiated by Raul Prebisch and Hans Singer over 60 years ago continues to this day and is unlikely to be resolved soon. However, even if Prebisch and Singer are right and the terms of trade of countries exporting primary products are falling, to suggest that these countries should diversify away from the production of mineral commodities and other primary products, as many have done, may be poor policy advice, encouraging countries to abandon a promising source of wealth with which to foster economic development.     

Lithium availability in the EU27 for battery-driven vehicles: The impact of recycling and substitution on the confrontation between supply and demand until2050

The adverse impacts of climate change are widely recognized as well as the importance of the mitigation of carbon dioxide (CO₂). Battery driven vehicles are expected to have a bright future, since GHG emissions can be reduced. Lithium-ion (Li-ion) batteries appear to be the most promising, due to their high energy density. Recently, the discussion concerning adequate lithium carbonate (Li₂CO₃) resources is resolved. The current challenge is the needed increase in flow rate of Li₂CO₃ into society to foresee in forecasted demand. This research determines ten factors which influence the availability of Li-ion batteries for the EU27 in the coming decades. They are used in a system dynamics analysis. The results of this research show that undersupply can be expected in the EU27 until 2045 somewhere between 0.5 Mt and 2.8 Mt. Substitution of Li₂CO₃ in other end-use markets and recycling can relieve the strain on Li₂CO₃ supply to some extent. In 2050, 20% of the vehicle fleet in the EU27 can be battery electric vehicles (BEVs). The lack of resources in the EU27 and the geographical distribution of lithium in politically sensitive areas suggest that the shares of lithium available for the EU27 will be less than assumed in this research. The increase in flow rate shows to be the bottle-neck for a transition to (partly) battery driven vehicles in the EU27, at least when Li-ion batteries are used. Focusing on large-scale application of BEVs with Li-ion batteries in order to substantially mitigate CO₂ emissions in transport is a futile campaign.     

The impact of monetary liquidity on Chinese aluminum prices

By expanding Frankel and Rose's (2009) theoretical model to consider the interaction of commodity prices with both money liquidity and expectation formation, this paper empirically studies the long-run relationship and short-term dynamics between aluminum prices and money liquidity via Vector autoregressive (VAR) and Impulse Response Function methodologies. Our results show that: (1) a cointegration relationship between money liquidity and Chinese aluminum prices exists, and monetary liquidity positively significantly influences the price over long periods; (2) a structural change has been found during the 2008 Financial Crisis and the change of Chinese monetary policies; and (3) the negative impact of production capacity mechanism on aluminum prices coexists with the positive impact of financial asset returns mechanism, to allow for varied market expectations on aluminum prices within and outside China.     

Cultivating collaboration: Lessons from initiatives to understand and manage cumulative impacts in Australian resource regions

Australia has experienced rapid development within its resource regions, with traditional mining sectors like coal, iron-ore and natural gas expanding and new industries such as coal seam gas emerging. As a result, there is an increasing prevalence and awareness of the cumulative impacts of the extractive resource industries on the society, environment and economy of these regions. Collaborative governance is emerging as a means of addressing cumulative impacts. This article undertakes an analysis of 30 case studies of collaborative governance in the resources sector of Australia. The initiatives analysed range from those focussed on information exchange and coordination to higher degrees of collaboration that involve shared resources and shared risks. The study demonstrates that there are challenges in using collaborative approaches to tackle cumulative impacts, but that significant benefits can be realised. The study highlights the need to nurture and cultivate collaborative relationships in order to provide the foundation for long-term solutions.