Commodity Prices and Growth
Publication
, 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
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
- 14 Economics
Citation
APA
Chicago
ICMJE
MLA
NLM
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.
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
- 14 Economics