Gangadharan, L.; Maitra, P. - Department of Economics, Faculty of Business and Economics - 1998
In this paper we examine the trends in the prices of natural resource commodities in Australia. The existing literature … predicts rising prices for minerals, indicative of scarcity. We present a menu of tests to characterise the observed trends in … the prices of 12 resources and do not find any such general trend. Of the 12 series examined, only one is stationary in …