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Commodity Prices and Growth

Journal articles  - Journal Article
Ferraro, D; Peretto, PF
Published in: Economic Journal
December 1, 2018

In this article, we propose an endogenous growth model of commodity-rich economies in which: (i) long-run (steady-state) growth is endogenous and yet independent of commodity prices; (ii) commodity prices affect short-run growth through transitional dynamics; and (iii) the status of net commodity importer/exporter is endogenous. We argue that these predictions are consistent with historical evidence from the 19th to the 21st century.

Duke Scholars

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Published In

Economic Journal

DOI

EISSN

1468-0297

ISSN

0013-0133

Publication Date

December 1, 2018

Volume

128

Issue

616

Start / End Page

3242 / 3265

Related Subject Headings

  • Economics
  • 3803 Economic theory
  • 3802 Econometrics
  • 3801 Applied economics
 

Citation

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Chicago
ICMJE
MLA
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Ferraro, D., & Peretto, P. F. (2018). Commodity Prices and Growth. Economic Journal, 128(616), 3242–3265. https://doi.org/10.1111/ecoj.12559
Ferraro, D., and P. F. Peretto. “Commodity Prices and Growth.” Economic Journal 128, no. 616 (December 1, 2018): 3242–65. https://doi.org/10.1111/ecoj.12559.
Ferraro D, Peretto PF. Commodity Prices and Growth. Economic Journal. 2018 Dec 1;128(616):3242–65.
Ferraro, D., and P. F. Peretto. “Commodity Prices and Growth.” Economic Journal, vol. 128, no. 616, Dec. 2018, pp. 3242–65. Scopus, doi:10.1111/ecoj.12559.
Ferraro D, Peretto PF. Commodity Prices and Growth. Economic Journal. 2018 Dec 1;128(616):3242–3265.
Journal cover image

Published In

Economic Journal

DOI

EISSN

1468-0297

ISSN

0013-0133

Publication Date

December 1, 2018

Volume

128

Issue

616

Start / End Page

3242 / 3265

Related Subject Headings

  • Economics
  • 3803 Economic theory
  • 3802 Econometrics
  • 3801 Applied economics