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GTAP Resources: Resource Display

GTAP Resource #4811

"Double edged growth: A CGE analysis of structural changes in Mongolian economy"
by Lkhanaajav, Esmedekh


Abstract
Mongolia’s geographical location, its economic structure and its mineral wealth give it unique characteristics. Tapping its natural resources in a way that equally benefits the social and economic well-being of Mongolians is the greatest challenge. The resources boom in recent years directly impacted remarkable economic growth, and affected Mongolia’s economic structure, social welfare, institutional quality and environment. The unprecedented improvement in the terms of trade and the large inflow of foreign direct investment (FDI) were driven by the industrialisation of Mongolia’s neighbour and a main trading partner, China. Externally generated growth is, however, a double-edged sword. The boom brought with it economic fragility and loss of international competitiveness. It made the economy vulnerable to commodity price slumps and adverse changes in FDI.


Resource Details (Export Citation) GTAP Keywords
Category: 2015 Conference Paper
Status: Published
By/In: Presented at the 18th Annual Conference on Global Economic Analysis, Melbourne, Australia
Date: 2015
Version:
Created: Lkhanaajav, E. (5/1/2015)
Updated: Lkhanaajav, E. (4/15/2024)
Visits: 2,217
- Domestic policy analysis
- Asia (East)


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Last Modified: 9/15/2023 2:05:45 PM