haku: @indexterm natural resources / yhteensä: 354
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| Tekijä: | Berck, P. Roberts, M. |
| Otsikko: | Natural resource prices: will they ever turn up? |
| Lehti: | Journal of Environmental Economics and Management
1996 : JUL, VOL. 31:1, p. 65-78 |
| Asiasana: | ENVIRONMENTAL ECONOMICS MANAGEMENT NATURAL RESOURCES |
| Kieli: | eng |
| Tiivistelmä: | Natural resource theory predicts that natural resource rents should increase over time. However, technical progress in resource extraction, environmental constraints, or great natural abundance could result in stagnant or declining product prices. Thus, there is no theoretical reason to believe that product prices will rise in the near future. The prediction of product prices by time-series methods is shown to depend critically upon whether the series are modeled as difference or trend stationary. |
SCIMA