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Econometric Models of Minerals Markets Uses and Limitations
Author(s) -
WAGENHALS GERHARD
Publication year - 1984
Publication title -
natural resources forum
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.646
H-Index - 49
eISSN - 1477-8947
pISSN - 0165-0203
DOI - 10.1111/j.1477-8947.1984.tb00473.x
Subject(s) - econometric model , strengths and weaknesses , econometric analysis , econometrics , economics , macroeconomics , philosophy , epistemology
The article presents a broad non‐technical survey of econometric minerals and metals market models. The paper discusses a basic model and its extensions. It identifies weaknesses and strengths of the econometric approach, and discusses the potential of econometric models for minerals policy analysis and forecasting.