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Bunel, M. (2001) Estimating the Effects of Technology and Depletion on the Real Price of Copper in the U.S. Using a Cointegration Approach. Working Papers on Environment and Economics.

has been cited by the following article:

• TITLE: Trends of Base Metals Prices

  AUTHORS: Nguyen Bao Anh, Aggey Semenov

  KEYWORDS: Base Metals Prices, Price Trends, Historical Price, Mining, Metals Industry, LME, CRS

  JOURNAL NAME: Theoretical Economics Letters, Vol.5 No.4, August 14, 2015

  ABSTRACT: The real price of base metals exhibits a decreasing trend over time. We model base metals prices as the equilibrium of aggregate supply and demand. This allows us to study the effect of determinants of base metals prices. The trend in the price of base metals depends on technological progress, resource scarcity, natural resource taxes, and the interest rate. Under certain parameter restrictions we can explain the decreasing trend in prices over time. This phenomenon is mostly explained by the substitution effect and technological progress. We derive policy implications related to natural resource taxation.