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Oil Extraction, Economic Growth, and Oil Price Dynamics

  • Illig A
  • Schindler I
BioPhysical Economics and Resource Quality (2017) 2(1)
DOI: 10.1007/s41247-016-0016-6
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Abstract

We use economic production function theory and an empirical model of oil prices based only on oil extraction data to analyze the dynamics of the economy and oil prices as we transition into the contraction phase of oil extraction. We explore the implications with respect to …

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Illig, A., & Schindler, I. (2017). Oil Extraction, Economic Growth, and Oil Price Dynamics. BioPhysical Economics and Resource Quality, 2(1). https://doi.org/10.1007/s41247-016-0016-6

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