Oil prices, exhaustible resources, and economic growth
Oil prices, exhaustible resources, and economic growth / James D. Hamilton. NBER, January 2012. (Working Paper No. 17759)
Un draft est disponible ici : http://dss.ucsd.edu/~jhamilto/handbook_climate.pdf
This paper explores details behind the phenomenal increase in global crude oil production over the last century and a half and the implications if that trend should be reversed. I document that a key feature of the growth in production has been exploitation of new geographic areas rather than application of better technology to existing sources, and suggest that the end of that era could come soon. The economic dislocations that historically followed temporary oil supply disruptions are reviewed, and the possible implications of that experience for what the transition era could look like are explored. (© Hamilton)
OpenEdition vous propose de citer ce billet de la manière suivante :
Danièle Revel (24 janvier 2012). Oil prices, exhaustible resources, and economic growth. Veille énergie climat. Consulté le 9 octobre 2024 à l’adresse https://doi.org/10.58079/o9g9
