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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 is a country with vast mineral resources and has experienced a large-scale commodity boom in recent years. The average growth rate was 8.7 percent in the last ten years with the exception of 2009. The highest economic growth of 17.5 percent was recorded in 2011. The mining sector constitutes 20 percent of GDP and mineral exports consist of more than 70 percent of total exports on average. Significant portion of government income comes from natural resource exploitation. Mineral resources present development opportunities, but they also cause challenges for Mongolia. The economy has undergone substantial structural changes due to this remarkable growth. However, this change brings with it potential economic fragility, notably the vulnerability to commodity price slumps. The paper summarizes a CGE modelling analysis of the rapid growth in Mongolian economy during the recent boom.


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. (5/9/2016)
Visits: 471
- Domestic policy analysis
- Asia (East)


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