Modeling Mineral and Energy Markets

By:

Walter C Labys

Format:

Hardback

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Description

This text provides a framework for analyzing and forecasting a variety of mineral and energy markets and related industries. Such modelling activity has been at the forefront of the economic and engineering professions for some time, having received a major stimulus following the first oil price shock in 1973. The book seeks to advance mineral and energy modelling by first presenting the modelling process sequentially by leading the model builder from model specification, estimation, simulation, and validation to practical model applications, including exploring history, analyzing policy, and market and price forecasting. New developments in modelling approaches are then presented which encompass econometric market and industry models, spatial equilibrium and programming models, optimal resource depletion models, input-output models, economic sector models, and macro-oriented energy interaction models. The verification and application of the models is considered individually, and also in relation to the performance of alternative modelling approaches. The modelling framework includes a perspective on new directions, so that the present model-building advice can be extended into the future.

Release date NZ

November 30th, 1998

Author

Walter C Labys

Audiences

Postgraduate, Research & Scholarly
Professional & Vocational

Illustrations

xii, 176 p.

Pages

176

Dimensions

156x234x12

ISBN-13

9780792383727

Product ID

3953760

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