Innovation and natural resources: a dynamic game with uncertainty

Article Abstract:

A strategic interdependence exists between resource-exporting and importing countries. Built on the fact that natural resources are finite, both countries will undergo R&D strategies on the other's resource-extraction policies, and vice versa, in the hope of discovering a substitute technology. A simple model of this type of interdependence is introduced. However, the concentration is on the strategic extraction by the exporter rather than on the strategic innovation by the importer.

Economic aspects, International trade, Natural resources, Nonrenewable natural resources, Nonrenewable resources

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Analysing I(2) systems by transformed vector autoregressions

Article Abstract:

A study is conducted to analyze I(2)-to-I(1) systems transformation using vector autoregression parameters.

Denmark, Analysis, Usage, Systems theory, Autoregression (Statistics)

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