IMPACT OF PULLING DOWN REGULATORY STATE BARRIERS ON URANIUM IN AUSTRALIA: IS THERE A NEED IN ORDER TO MAINTAIN AND INCREASE AUSTRALIA’S GLOBAL MARKET SHARE OF URANIUM?

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Abstract

This paper sets a prospective framework to study the impact of opening more mines to meet future growing demand on Australia’s economy. The structure is aimed at decomposing investments and exports variables into Uranium exports and Uranium Exploration expenditure and analyse their impacts on each State GSP (Goods State Product) and for Australia as a nation. The demand and supply factors affecting the uranium market are defragmented before providing the research methodology and data specifics. Later analysis is expected to have policy implications by serving as a guide to pull down State Regulatory barriers like those imposed currently in Queensland, which is rich with uranium deposits and allow only uranium exploration but no uranium mining. Empirical findings would suggest whether exporting the carbon free energy would add value to Australia’s different competing states and as a whole globalized economy.

Keywords: Australia, Uranium, Investments, Exports, GSP

How to cite this paper: Gurrib, I., & AlShahrani, S. (2013). Impact of pulling down regulatory state barriers on uranium in Australia: Is there a need in order to maintain and increase Australia’s global market share of uranium?. Risk governance & control: financial markets & institutions, 3(3-1), 119-126. https://doi.org/10.22495/rgcv3i3c1art4