This paper examines the dynamic effects of demand and supply shocks on mineral commodity prices. It provides empirical insights by using annual data for the copper, lead, tin, and zinc markets from 1840 to 2010. I identify structural shocks by using long-run restrictions and compare these shocks...

Existing literature has relied on economic fundamentals (EFs) to determine commodity price booms and busts, This framework has been unable to account for major economic non-fundamentals (ENFs), This study takes a broader view of major ENFs that expands beyond the traditional demand and supply...

The objective of this paper is to explore the evolution of mining employment patterns throughout Australia’s mining cycle. The study employs a real business cycle model to examine mining employment activities both before and after the mining boom. It also attempts to shed light on the research...

The growth model perspective has provided avenues for bridging comparative and international political economy, mainly regarding the Global Financial Crisis and developments within the eurozone. This article aims to contribute to this endeavor by highlighting the joint effects of capital flows...

Australia is experiencing its largest mining boom for more than a century and a half. This paper explores, from a national perspective, important economic differences that arise when a mining boom, such as the current one, is generated by export price increases (trading gains) rather than export...

Australia is experiencing its largest mining boom for more than a century and a half. This paper explores, from a national perspective, important economic differences that arise when a mining boom, such as the current one, is generated by export price increases (trading gains) rather than export...

We assess the link between fiscal policy and credit and commodity price booms and busts. We do so by investigating the impact of financial and commodity price cycles on the identification of episodes of fiscal consolidation and stimulus and the size of the fiscal impulse. We find that...

This paper investigates the empirical characteristics of business cycles and the extent of cyclical comovement in the Gulf Cooperation Council (GCC) countries, using nonhydrocarbon GDP (excluding crude oil and natural gas sectors) and constituents of aggregate demand during the period 1990~2010....

I study the firm-level dynamic response of a commodity-exporting economy to global cycles in commodity prices. To do so, I develop a heterogeneous-firms model that endogenizes declines in aggregate productivity through reallocation towards less productive firms. Within a given sector, commodity...

The shale gas boom has revolutionized the energy sector through hydraulic fracturing. High levels of energy production force communities, states, and nations to consider the externalities and potential risks associated with this unconventional oil and gas development (UOGD). In this review, we...