An input-output approach is used to identify the impact of the last mining boom (2000-08) on the cost and prices of mining industry products in four BRICS countries (Brazil, Russia, India and China). Using input-output tables and environmental information from the World Input-Output Database (WIOD), the analysis points to higher costs in emerging economies due to higher wages, slower technical progress, positive pass-through of oil shocks and partial sequential depletion processes in industrial minerals.
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Justus Liebig Univ Giessen, Fac Econ & Business Studies, Giessen, GermanyJustus Liebig Univ Giessen, Fac Econ & Business Studies, Giessen, Germany
Tillmann, Peter
Kim, Geun-Young
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Bank Korea, Res Dept, Seoul, South KoreaJustus Liebig Univ Giessen, Fac Econ & Business Studies, Giessen, Germany
Kim, Geun-Young
Park, Hail
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Kyung Hee Univ, Dept Int Business & Trade, 26,Kyungheedae Ro, Seoul 02447, South KoreaJustus Liebig Univ Giessen, Fac Econ & Business Studies, Giessen, Germany