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World crude oil resources : evidence from estimating supply functions for 41 countries (Inglés)

Evidence to support or deny expectations of future scarcity or abundance of crude oil must show whether crude oil supply functions are shifting and, if so, in what direction. The authors estimate oil supply functions for 41 countries for which suitable data are available. Because of the poor quality of data, especially for reserves, the model specification is simple. Their model relates reserve additions to the imputed "in situ" price of discovered...
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