A Theoretical Framework on the Resource Industry: From the Value of Resource in Economy

Abstract:

For researches on the relation between natural resource and economy, the concept of (natural) resource industry is a crucial element. However there is scarcely any theoretical study on the connotation and denotation of resource industry. We hold that the characteristics of resource industry stem from its attributive adjective – (natural) resource, which should be deeply analyzed in order to learn the appropriate meaning of resource industry. On this account, we focus on the theoretical framework of resource industry, by taking the concept of natural resource value as a starting point, and then presenting two definitions of resource industry to meet the different requirements of relative researches. This paper would lay the foundations for the analysis and evaluation of resource industry economy, and establish a more explicit perspective for the empirical studies of the relationship between resource and economy, such as the validation of Natural Resource Curse Hypothesis.

• Periodical: Applied Mechanics and Materials (Volumes 672-674)
• Pages: 2059-2064
• DOI: https://doi.org/10.4028/www.scientific.net/AMM.672-674.2059
• Online since: October 2014
• Authors: Meng Xia Zeng, Min Xue Gao
• Keywords: Natural Resource Value, P-S-R Model, Resource Industry

References

[1] M. King, B. Zhu, and S. Tang, Optimal path planning, " Mobile Robots, vol. 8, no. 2, pp.520-531, March 2001. Hamilton, Fiona, et al. "Victoria's Statewide Forest Resource Industry—an outline of methods., Australian forestry 62. 4 (1999): 353-359.

DOI: 10.1080/00049158.1999.10674803

[2] Lungu, John. Socio-economic change and natural resource exploitation: a case study of the Zambian copper mining industry., Development Southern Africa25. 5 (2008): 543-560.

DOI: 10.1080/03768350802447719

[3] ZHANG Huixin, GAO Chao and BAI Jia. Study on Identification of Industrial Clusters of Energy Mineral Resource Based on Location Quotient — Case Study of Shaanxi,. Science and Technology Management Research. 18(2011): 119-123.

[4] Liang, CHEN Lian-fang YAN. Indentification of Industrial Clusters of Oil and Gas in China Based on Composite Location Quotient., China Population, Resources and Environment (2012): 027.

[5] WANG, Zhi-hong, and Ke XU. Evolution Mechanisms of Resource-based Industrial Chain Based on Dissipative Structure Theory [J]., Technology Economics 12 (2006): 68-71.

[6] Hong-wei, Cheng, Liu Li, and Zhang Yong-hai. Research on Evolution Mechanism of Resources Industry Chain: Take West China as Example [J]., Journal of Chengdu University of Technology (Social Sciences) 2 (2008): 009.

[7] Liang, YAN., and HONG. Wen-Zhi. Reach on the Sustainable Development of Industry in the Western Resources., Chinese Journal of Management. 5 (2008): 692-695.

[8] SHAO, Shuai, and Zhong-ying QI. A Theoretic Interpretation and Empirical Test on R&D Behavior of Energy-output-oriented CitiesBased on Resource Curse Hypothesis [J]., Journal of Finance and Economics 1 (2009): 008.

[9] Shuai, Shao, and Yang Lili. Natural Resource Exploitation, Endogenous Technological Progress and Regional Economic Growth., Economic Research Journal (2011): S2.

[10] Sachs, Jeffrey D., and Andrew M. Warner. Natural resource abundance and economic growth. No. w5398. National Bureau of Economic Research, (1995).

[11] Ji, Kan, Jan R. Magnus, and Wendun Wang. Resource abundance and resource dependence in China. Tilburg University, (2010).

[12] Auty, R. M. Resource abundance and economic development. Oxford University Press, (2001).

[13] United Nations Statistical Commission. International Standard Industrial Classification of All Economic Activities (Rev. 4) [EB/OL].

[14] Jin and Arons. Resource • Energy • Environment • Society: The Mechanical Principles of Circular Economy, Chemical Industry Press, (2009).