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Solving a Puzzle: More Nonrenewable Resources Without Higher Prices

Author

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  • Sean Howard
  • Gregor Schwerhoff
  • Martin Stuermer

Abstract

Economic intuition suggests nonrenewable resources such as metals or fossil fuels become scarcer and more expensive over time. However, a new dataset covering the years 1700 to 2018 indicates otherwise.

Suggested Citation

  • Sean Howard & Gregor Schwerhoff & Martin Stuermer, 2019. "Solving a Puzzle: More Nonrenewable Resources Without Higher Prices," Dallas Fed Economics 89317, Federal Reserve Bank of Dallas.
    • Handle: RePEc:fip:d00001:89317
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    File URL: https://www.dallasfed.org/research/economics/2019/0827
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