Does acquistion of mineral resources by firms in resource-importing countries reduce resource prices?
Does acquistion of mineral resources by firms in resource-importing countries reduce resource prices?
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资源进口国企业收购矿产资源是否会降低资源价格？
DOI：
10.1016/j.resourpol.2018.03.016
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发表时间：
2018
期刊：
影响因子：
10.2
通讯作者：
Managi Shunsuke
中科院分区：
文献类型：
--
作者：
Morita Tamaki;Higashida Keisaku;Takarada Yasuhiro;Managi Shunsuke
这项研究从理论和实证两个方面考察了资源进口国的企业在获得矿产资源时，资源价格是如何受到影响的。这项研究的理论检验考虑了一个简单的两阶段模型，该模型展示了企业收购矿产资源可能会提高当前或未来的资源价格。这一发现表明，这两个时期的资源消耗都可能下降。资源开采公司的战略行为、对最终产品的需求和开采成本在这一审查中起着关键作用。利用动态面板模型和石油价格数据，这项研究的经验部分估计了获取资源如何影响石油价格。结果表明，本期物价上涨，未来时段物价下降。
This study theoretically and empirically examines how resource prices are affected when firms in resource-importing countries acquire mineral resources. The study's theoretical examination considers a simple, two-period model that demonstrates how firms acquiring mineral resources may raise either present or future resource prices. This finding implies that resource consumption in either period may decline. Strategic behavior of resource-mining firms, demand for final goods, and extraction costs play key roles in this examination. Using a dynamic panel model with oil price data, the study's empirical portion estimates how acquiring resources affects the price of oil. Results demonstrate that prices in the present period rise, and prices in future periods decline.