Ruta, Michele; Venables, Anthony - 2012 - Manuscript date: March 2012
Natural resources account for 20% of world trade, and dominate the exports of many countries. Policy is used to … (equivalent to trade taxes if no domestic production is possible). We review the literature, and argue that the policy equilibrium … to overcome these inefficiencies and obtain mutual gains. -- natural resources ; trade ; export tax ; tariff escalation …