Tag: Development

  • Oil Investments in the North Sea

    By: C. A Favero , M. Hashem Pesaran

    The aim of this paper is to propose and estimate an econometric model for the exploration development and extraction of oil in the North Sea. The starting points of our analysis are the recent studies by Pesaran( 1990) and Favero(l991). Pesaran (1990) proposes and estimates an intertemporal model of the exploration and production policy of […]

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