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Solving a Puzzle: More Nonrenewable Resources Without Higher Prices

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Listed:
  • 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.

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Handle: RePEc:fip:d00001:89317
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File URL: https://www.dallasfed.org/research/economics/2019/0827
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