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THE POTENTIAL IMPACT AND OPTIMAL ADJUSTMENT ASSOCIATED WITH AN ALUMINUM SUPPLY RESTRICTION : = A CASE STUDY OF TAIWAN.

Record Type:	Language materials, manuscript : Monograph/item
Title/Author:	THE POTENTIAL IMPACT AND OPTIMAL ADJUSTMENT ASSOCIATED WITH AN ALUMINUM SUPPLY RESTRICTION :/
Reminder of title:	A CASE STUDY OF TAIWAN.
Author:	CHEN, CHIA-YON.
Description:	1 online resource (185 pages)
Notes:	Source: Dissertation Abstracts International, Volume: 45-10, Section: A, page: 3174.
Subject:	Economics. -
Online resource:	click for full text (PQDT)

THE POTENTIAL IMPACT AND OPTIMAL ADJUSTMENT ASSOCIATED WITH AN ALUMINUM SUPPLY RESTRICTION : = A CASE STUDY OF TAIWAN.
CHEN, CHIA-YON.

THE POTENTIAL IMPACT AND OPTIMAL ADJUSTMENT ASSOCIATED WITH AN ALUMINUM SUPPLY RESTRICTION :A CASE STUDY OF TAIWAN. - 1 online resource (185 pages)

Source: Dissertation Abstracts International, Volume: 45-10, Section: A, page: 3174.

Thesis (Ph.D.)--West Virginia University, 1984.

Includes bibliographical references

There is a growing concern over the impact of critical mineral supply restrictions on the economies of mineral importing nations such as Taiwan. The objective of this dissertation is to build a framework that can be used to analyze the impact of a supply restriction and that can be used to formulate an optimal adjustment pattern for a national economy.

Electronic reproduction.
Ann Arbor, Mich. :
ProQuest,
2018

Mode of access: World Wide Web

Subjects--Topical Terms:

555568
Economics.
Index Terms--Genre/Form:

554714
Electronic books.

THE POTENTIAL IMPACT AND OPTIMAL ADJUSTMENT ASSOCIATED WITH AN ALUMINUM SUPPLY RESTRICTION : = A CASE STUDY OF TAIWAN.
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245 1 4 $a THE POTENTIAL IMPACT AND OPTIMAL ADJUSTMENT ASSOCIATED WITH AN ALUMINUM SUPPLY RESTRICTION : $b A CASE STUDY OF TAIWAN.
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500 $a Source: Dissertation Abstracts International, Volume: 45-10, Section: A, page: 3174.
502 $a Thesis (Ph.D.)--West Virginia University, 1984.
504 $a Includes bibliographical references
520 $a There is a growing concern over the impact of critical mineral supply restrictions on the economies of mineral importing nations such as Taiwan. The objective of this dissertation is to build a framework that can be used to analyze the impact of a supply restriction and that can be used to formulate an optimal adjustment pattern for a national economy.
520 $a The study contains several important advances over previous studies of the impact of a commodity supply restriction. First, the model presented here generalizes I-O analysis via a linear programming (LP) framework in order to simultaneously handle the production function and the allocation function. Second, substitution among related commodities, as estimated by a translog production function, is incorporated into the activity analysis in order to include a part of the price induced effect. Third, the model is able to calculate the optimal adjustment pattern subject to practical constraints. This is of great importance to policy makers, because the assessment of the sensitivity of each sector to a supply restriction and the formulation of practical adjustments are among their major concerns.
520 $a The study yields several important conclusions: First, the models developed and tested in Chapter III, IV, VI, VII and VIII each have their strengths and weaknesses. However, as a group they have proven reasonably good in their ability to show the impact of a supply restriction and to present an optimal response. Second, even if the elasticity of substitution between aluminum and copper is very low, an impact analysis that omits the substitution effect would still significantly overestimate the impact of a supply restriction. Third, both consumers' surplus analysis and the "supply-driven" I-O model may overestimate the impact in the case of a mild supply restriction, and underestimate the impact in the case of a severe supply restriction. Fourth, the LP model presented in Chapter VII is better able to provide the accurate results in analyzing the impact of a supply restriction since it is a general equilibrium solution. Its results also reflect the conceptual discontinuity of supply restriction impacts. Fifth, the allocation function derived from the optimal solution is a very important innovation, since it allows policy-makers to readily construct an optimal adjustment strategy.
533 $a Electronic reproduction. $b Ann Arbor, Mich. : $c ProQuest, $d 2018
538 $a Mode of access: World Wide Web
650 4 $a Economics. $3 555568
655 7 $a Electronic books. $2 local $3 554714
690 $a 0501
710 2 $a ProQuest Information and Learning Co. $3 1178819
710 2 $a West Virginia University. $3 1187945
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