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A note on market structure and the search for exhaustible resources |
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| Authors: | Mukesh Eswaran Tracy R Lewis |
| Institution: | University of British Columbia, Vancouver, B.C., V6T 1W5, Canada |
| Abstract: | This paper allows for country-specific and time-specific factors in the demand for international reserves by applying the error-components model. Forecasts based on the GLS parameter estimates are shown to be superior to those based on the OLS estimates. |
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