Exporters of exhaustible resources have historically exhibited higher income volatility than other economies, suggesting a heightened role for precautionary savings. This paper uses a parameterized ...

A country with large exhaustible resources such as oil can benefit substantially from them, but the revenues from exploiting these resources can pose challenges. Fiscal policymakers need to decide how ...

and those that are not can be replaced by other resources or by technologies that minimize the use of the exhaustible resources or that rely on other resources. There are no biophysical limits to ...

On top of that, it’s an industry surviving on finite resources – anything from precious stones to carbon-based fuels. As expected with the exploration of any exhaustible resource, product ...

Matti Liski, a professor of economics at the Helsinki School of Economics (HSE), will talk about his paper “A theory of exhaustible-resource relationships with asymmetric information”, co-authored ...