Trend and Cycles in Coal and Oil Prices in the Long Run: A Schumpeterian Approach
We contribute to the task of identifying trends and cycles in energy prices by examining very long series of prices for coal and oil, going back to 1650 in the case of coal and 1859 in the case of oil. We find annual rates of increase in real price of greater than two percent are found for coal in o...
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| Format: | Working Paper |
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Centre for Research in Applied Economics, Curtin Business School
2011
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| Online Access: | http://hdl.handle.net/20.500.11937/7594 |