OURA Asuka   Faculty of Economics Department of Socio-Economics   Associate Professor

■ Title   Neutrality of an increase in the price of natural resources to the level of technology.

■ Outline   In this paper, to investigate how an increase in the price of natural resources affects the level of technology, we develop an endogenous variety expansion model of a small open economy based on that of Grossman and Helpman (1991, Ch. 3). We conclude that an increase in the price of natural resources has a neutral effect on the level of technology in the long run.   Oura, Asuka, and Tadashi Morita   Collaboration   Economic Modelling   Elsevier   32,pp.347-350   2013/05

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