Resource price trends and development prospects

Detalhes bibliográficos
Autor(a) principal: Hamilton, Kirk
Data de Publicação: 2004
Outros Autores: Bolt, Katharine
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10400.5/15494
Resumo: If natural resource prices follow exogenous paths, then future resource price changes must be reflected in current measures of resource depletion, as shown by Vincent et al. (1997). This result is extended to the measurement of income and saving in a small resource exporting economy. A precise formula for net (genuine) saving is derived when resource prices grow exogenously at the international inter- est rate. Empirical results are presented for over 100 countries and a dozen resource commodities, using historical real price trends to forecast future prices. Reductions in saving in excess of 1% of GNI are observed for over 20 countries.
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spelling Resource price trends and development prospectsSustainabilityGenuine savingTrade in natural resourcesPrice trendsIf natural resource prices follow exogenous paths, then future resource price changes must be reflected in current measures of resource depletion, as shown by Vincent et al. (1997). This result is extended to the measurement of income and saving in a small resource exporting economy. A precise formula for net (genuine) saving is derived when resource prices grow exogenously at the international inter- est rate. Empirical results are presented for over 100 countries and a dozen resource commodities, using historical real price trends to forecast future prices. Reductions in saving in excess of 1% of GNI are observed for over 20 countries.Springer VerlagRepositório da Universidade de LisboaHamilton, KirkBolt, Katharine2018-05-25T14:26:01Z2004-092004-09-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.5/15494engHamilton, Kirk e Katharine Bolt (2004). "Resource price trends and development prospects". Portuguese Economic Journal, 3(2):85-971617-982X (print)10.1007/s10258-004-0035-xmetadata only accessinfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-03-06T14:45:27Zoai:www.repository.utl.pt:10400.5/15494Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T17:01:08.101503Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Resource price trends and development prospects
title Resource price trends and development prospects
spellingShingle Resource price trends and development prospects
Hamilton, Kirk
Sustainability
Genuine saving
Trade in natural resources
Price trends
title_short Resource price trends and development prospects
title_full Resource price trends and development prospects
title_fullStr Resource price trends and development prospects
title_full_unstemmed Resource price trends and development prospects
title_sort Resource price trends and development prospects
author Hamilton, Kirk
author_facet Hamilton, Kirk
Bolt, Katharine
author_role author
author2 Bolt, Katharine
author2_role author
dc.contributor.none.fl_str_mv Repositório da Universidade de Lisboa
dc.contributor.author.fl_str_mv Hamilton, Kirk
Bolt, Katharine
dc.subject.por.fl_str_mv Sustainability
Genuine saving
Trade in natural resources
Price trends
topic Sustainability
Genuine saving
Trade in natural resources
Price trends
description If natural resource prices follow exogenous paths, then future resource price changes must be reflected in current measures of resource depletion, as shown by Vincent et al. (1997). This result is extended to the measurement of income and saving in a small resource exporting economy. A precise formula for net (genuine) saving is derived when resource prices grow exogenously at the international inter- est rate. Empirical results are presented for over 100 countries and a dozen resource commodities, using historical real price trends to forecast future prices. Reductions in saving in excess of 1% of GNI are observed for over 20 countries.
publishDate 2004
dc.date.none.fl_str_mv 2004-09
2004-09-01T00:00:00Z
2018-05-25T14:26:01Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
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status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10400.5/15494
url http://hdl.handle.net/10400.5/15494
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Hamilton, Kirk e Katharine Bolt (2004). "Resource price trends and development prospects". Portuguese Economic Journal, 3(2):85-97
1617-982X (print)
10.1007/s10258-004-0035-x
dc.rights.driver.fl_str_mv metadata only access
info:eu-repo/semantics/openAccess
rights_invalid_str_mv metadata only access
eu_rights_str_mv openAccess
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dc.publisher.none.fl_str_mv Springer Verlag
publisher.none.fl_str_mv Springer Verlag
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
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