Date of Award
2019
Publisher
North Dakota State University
Document Type
Thesis
Degree Awarded
Master of Science (MS)
Program
Agribusiness and Applied Economics
Department
Agribusiness and Applied Economics
College
Agriculture, Food Systems and Natural Resources
Faculty Advisor
Caton, James
Description
This thesis explores the question of what drives the development of cost-reducing technology. It will also explore this question in the gold and oil industries. It will integrate Paul Romer’s idea that investment in technology is an endogenous factor in the econometric testing. This matters because while a time lag may exist between investment in a commodity and one’s return on such investment, the role of changes in price and elasticity aid in driving such investment.
Recommended Citation
Simonson, Mark Alan, "The Impacts of Cost-Reducing Technology in the Gold and Oil Industries" (2019). Agribusiness and Applied Economics. 57.
https://digitalcommons.ndsu.edu/agribusiness-applied-econ/57
Rights
NDSU policy 190.6.2
Rights Link
https://www.ndsu.edu/fileadmin/policy/190.pdf
Handle Identifier
https://hdl.handle.net/10365/31705