THE EFFECTS OF URANIUM PRICE FLUCTUATIONS ON PRODUCTION, EXPLORATION EXPENDITURES AND RESERVES: VAR APPROACH
| Autor: | Sondès Kahouli |
|---|---|
| Přispěvatelé: | Julien, Séverine, Aménagement des Usages des Ressources et des Espaces marins et littoraux - Centre de droit et d'économie de la mer (AMURE), Centre National de la Recherche Scientifique (CNRS)-Université de Brest (UBO)-Institut Français de Recherche pour l'Exploitation de la Mer (IFREMER)-Institut Universitaire Européen de la Mer (IUEM), Institut de Recherche pour le Développement (IRD)-Institut national des sciences de l'Univers (INSU - CNRS)-Université de Brest (UBO)-Centre National de la Recherche Scientifique (CNRS)-Institut de Recherche pour le Développement (IRD)-Institut national des sciences de l'Univers (INSU - CNRS)-Centre National de la Recherche Scientifique (CNRS) |
| Jazyk: | angličtina |
| Rok vydání: | 2012 |
| Předmět: |
[SDE] Environmental Sciences
Economics and Econometrics Environmental Engineering Natural resource economics VAR modeling 020209 energy 020208 electrical & electronic engineering Uranium production chemistry.chemical_element 02 engineering and technology Uranium reserves Uranium Vector autoregression General Energy chemistry Error variance [SDE]Environmental Sciences 0202 electrical engineering electronic engineering information engineering Economics Production (economics) Uranium price Uranium exploration expenditures |
| Zdroj: | Energy Studies Review Energy Studies Review, DeGroote School of Business, McMaster University, 2012, 19 (1), pp.Article 3 |
| ISSN: | 0843-4379 |
| Popis: | International audience; The aim of this paper is to empirically analyse the effects of uranium price fluctuations, i.e. increase vs decrease, on uranium production, uranium exploration expenditures and uranium reserves. We apply a Vector Autoregression (VAR) approach which allows for both symmetric and asymmetric model specifications to simulate impulse-response functions (IRFs) and derive the forecasting error variance decomposition (VD). Results give evidence that a uranium price increase induces an exploration expenditures increase and, to a lesser extent, a production increase. In contrast, no significant effect of uranium price fluctuations on uranium reserves can be supported. Results also give evidence of the presence of asymmetric aspects in the response of uranium exploration expenditures and uranium production to uranium price fluctuations. In fact, uranium exploration expenditures and uranium production seem to be more sensitive to uranium price increases than to uranium price decreases. |
| Databáze: | OpenAIRE |
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