Ruta, Michele; Venables, Anthony J. - Economic Research and Statistics Division (ERSD), World … - 2012
Natural resources account for 20% of world trade, and dominate the exports of many countries. Policy is used to …. The instruments used include export taxes, price controls, production quotas, and domestic producer and consumer taxes … (equivalent to trade taxes if no domestic production is possible). We review the literature, and argue that the policy equilibrium …