Natural Resource Dependence and Monopolized Imports
Countries with greater commodity export intensity have more concentrated markets for imported goods. Within countries over time, import market concentration is associated with higher domestic prices, suggesting that markups due to greater concentration outweigh any potential cost efficiency. Hydrocarbon fuel exporting economies especially have higher tariffs, tariff evasion, and non-tariff measures that concentrate markets. These results suggest a novel channel for the resource curse stemming from the monopolization of imports.
Saved in:
| Main Authors: | , , , , |
|---|---|
| Format: | Working Paper biblioteca |
| Language: | English English |
| Published: |
World Bank, Washington, DC
2023-03
|
| Subjects: | IMPORTS, MARKET CONCENTRATION, NATURAL RESOURCES, NATURAL RESOURCE CURSE, DOMESTIC PRICES, FUEL EXPORTING ECONOMIES, TARIFF EVASION, MONOPOLOIZATION OF IMPORTS, |
| Online Access: | http://documents.worldbank.org/curated/en/099736303022315150/IDU07511c9350456304ed20a7a506b67b716cb7a https://openknowledge.worldbank.org/handle/10986/39500 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| Summary: | Countries with greater commodity
export intensity have more concentrated markets for imported
goods. Within countries over time, import market
concentration is associated with higher domestic prices,
suggesting that markups due to greater concentration
outweigh any potential cost efficiency. Hydrocarbon fuel
exporting economies especially have higher tariffs, tariff
evasion, and non-tariff measures that concentrate markets.
These results suggest a novel channel for the resource curse
stemming from the monopolization of imports. |
|---|