Lindholt, Lars - Statistisk Sentralbyrå, Government of Norway - 2013
We perform an empirical analysis of the extent to which ongoing technological change through R&D activity has offset … production, measuring technological change and depletion, respectively. For all our regions we find significant effects of both … depletion and technological change on oil finding costs from 1981 to 2009, barring cyclical variations in finding costs that …