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| Author: | Wils, A. |
| Title: | The effects of three categories of technological innovation on the use and price of nonrenewable resources |
| Journal: | Ecological Economics
2001 : JUN, VOL. 37:3, p. 457-472 |
| Index terms: | ENVIRONMENT TECHNOLOGY ECOLOGY ENVIRONMENTAL ECONOMICS INNOVATION TECHNOLOGICAL INNOVATION NON-RENEWABLE RESOURCES NATURAL RESOURCES |
| Language: | eng |
| Abstract: | The effect of different types of technological innovation on the trends in nonrenewable resource use is explained. The extraction and proven reserves for many nonrenewable resources have risen steadily throughout this period, while the long-term average price has been constant. Three types of technological advance can explain the price trend: innovation in exploration, in extraction and in use efficiency. |
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