The effect the price of gold on its production: a time-series analysis

被引：19

作者：

Selvanathan, S

Selvanathan, EA ^{[1
]}

机构：

[1] Griffith Univ, Fac Int Business & Polit, Sch Int Business, Nathan, Qld 4111, Australia

[2] Griffith Univ, Fac Int Business & Polit, Sch Econ, Nathan, Qld 4111, Australia

来源：

RESOURCES POLICY | 1999年 / 25卷 / 04期

关键词：

D O I：

10.1016/S0301-4207(00)00002-7

中图分类号：

X [环境科学、安全科学];

学科分类号：

08 ; 0830 ;

摘要：

Production of gold in Australia has grown strongly in recent years. Australia is ranked the world's third largest gold producer, only South Africa and the US produce more than Australia. Most of the Australian gold production comes from one of its states, Western Australia. In this paper, we use recent developments in econometric time series analysis to present an analysis of gold production and prices during the period 1948-1994. The results show that if the price of gold (relative to costs) increases by 10% and the price (in levels) remain the same for the next 5 years, then in the first year gold production will rise by 0.3%; in the second year by 2.2%; in the third year by 7.4%; in the fourth year by 8.9% and in the fifth year by 10.7%. (C) 2000 Published by Elsevier Science Ltd. All rights reserved.

引用

页码：265 / 275

页数：11

共 16 条

[1] TESTS OF EQUALITY BETWEEN SETS OF COEFFICIENTS IN 2 LINEAR REGRESSIONS [J].