The Resource Sector in an Open Economy

I. Allocation Policy in a Resource-Exporting Country.- 1. The Role of Resource Exports.- 2. The Impact of the Resource Sector on the Economy.- 3. Intertemporal Allocation.- 4. Some Policy Issues.- II. On the Short-Run and Long-Run Effects of a Resource Boom.- 1. Introduction.- 2. Possible Causes of a Resource Boom.- 3. Short-Run Effects of a Resource Boom.- 4. Some Long-Run Considerations.- 5. Concluding Remarks.- III. More on the Consequences of a Resource Boom and the Cures of the Dutch Disease.- 1. Introduction.- 2. The Model.- 3. Consequences of a Resource Boom.- 4. Policies Against Adverse Boom Effects.- 5. Extensions and General Conclusions.- IV. Taxation of the Australian Resource Sector.- 1. Some Institutional Background.- 2. Mineral Profits, Taxation and Riskiness.- 3. Mineral Exports - Impact on other Sectors.- 4. Taxation and the Sale of Mineral Leases.- 5. The Objectives of Taxation Policy.- 6. Auctioning of Leases versus Resource Taxation.- 7. Exhaustability and Taxation.- 8. Bonanzas.- 9. The Northern Territory - The Proposed Mineral Royalty Bill.- 10. Conclusion.- V. Diversification and Stabilization in a Resource-Exporting Country.- 1. Introduction.- 2. Disturbances in a Small Commodity Exporting Country.- 3. Analytical Framework.- 4. Results.- 5. Summary and Conclusions.- Author Index.