Commodity Prices and Growth: Do Cobalt Price Shocks Fuel Night Light Expansion in the DRC?
Abstract/Contents
- Abstract
- As the production of electric vehicles (EVs) has increased globally, demand for the metals (such as cobalt and lithium) that make up the most critical parts of these vehicles has in turn risen. Although most EVs are sold in developed nations, low-income countries often host the richest resource reserves and thus are directly affected by the expansion of this market. Building on prior scholarship, I study the Democratic Republic of the Congo (DRC) and the effects that recent cobalt price shocks have had on communities surrounding cobalt mines. Utilizing recently available World Bank Light Every Night data as a proxy for income, I find substantial evidence suggesting that the cobalt price shock that occurred in 2017 resulted in persistent increases in the night light levels of mining provinces and, more specifically, the night light levels of districts and cities within these provinces.
Description
| Type of resource | text |
|---|---|
| Publication date | June 7, 2023; May 2023 |
Creators/Contributors
| Author | Brown, Drakos |
|---|---|
| Advisor | Dupas, Pascaline |
Subjects
| Subject | mining |
|---|---|
| Subject | nighttime lights |
| Subject | battery metals |
| Subject | clean energy |
| Subject | market expansion |
| Genre | Text |
| Genre | Thesis |
Bibliographic information
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- License
- This work is licensed under a Creative Commons Attribution Non Commercial 4.0 International license (CC BY-NC).
Preferred citation
- Preferred citation
- Brown, D. (2023). Commodity Prices and Growth: Do Cobalt Price Shocks Fuel Night Light Expansion in the DRC?. Stanford Digital Repository. Available at https://purl.stanford.edu/dp220kq9148. https://doi.org/10.25740/dp220kq9148.
Collection
Stanford University, Department of Economics, Honors Theses
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- drakoshbrown@gmail.com
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