Natural resource scarcity: a statistical analysis.

V. K. Smith

Research output: Contribution to journalArticlepeer-review

48 Scopus citations


Evaluates the trends in the relative prices of natural resource commodity aggregates. Using statistical methods that permit the analysis of the stability (in terms of the constancy of the coefficients for trend model) and the direction of movement in these series over time. The techniques include the Brown-Durbin cusum test and Quandt's log-likelihood ratio. While both have attracted considerable attention in recent literature application of these techniques to specific problems has, to date, been somewhat limited. Section II outlines the model and data, and briefly reviews the test procedures. The third section discusses the results and compares them to the earlier evidence. Section IV reviews the implications of the analysis. -Author

Original languageEnglish (US)
Pages (from-to)423-427
Number of pages5
JournalReview of Economics and Statistics
Issue number3
StatePublished - Jan 1 1979

ASJC Scopus subject areas

  • Social Sciences (miscellaneous)
  • Economics and Econometrics


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