Variable long-term trends in mineral prices: The ongoing tug-of-war between exploration, depletion, and technological change

John Cuddington and Grant Nülle

Journal of International Money and Finance, 2014, vol. 42, issue C, 224-252

Abstract: This paper explores the use of low-frequency band-pass filters for describing long-run trends in real mineral commodity prices. This approach has the advantage of allowing long-run trend rates to evolve gradually over time, rather than assuming that they are constant (perhaps with occasional structural breaks) over time. This is a flexible way of capturing the ongoing ‘tug of war’ between exploration, depletion, and technological change.

Keywords: Variable trends; Depletion; Technological change (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (12)

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Working Paper: Variable Long-Term Trends in Mineral Prices: The Ongoing Tug-of-War between Exploration, Depletion, and Technological Change (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jimfin:v:42:y:2014:i:c:p:224-252

DOI: 10.1016/j.jimonfin.2013.08.013

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