منابع مشابه
150 Years of Boom and Bust: What Drives Mineral Commodity Prices?
My paper is the first to provide long-term evidence on the dynamic effects of supply and demand shocks on mineral commodity prices. I explore a new annual data-set on prices and production of copper, lead, tin, zinc, and crude oil from 1840 to 2010. Long-term price fluctuations are mainly driven by persistent “world output-driven demand shocks” and “other demand shocks”. Historical accounts of ...
متن کاملCommodity Prices and Growth∗
In this paper we propose an endogenous growth model of commodity-rich economies in which: (i) long-run (steady-state) growth is endogenous and yet independent of commodity prices; (ii) commodity prices affect short-run growth through transitional dynamics; and (iii) the status of net commodity importer/exporter is endogenous. We argue that these predictions are consistent with historical eviden...
متن کاملDeterminants of Commodity Prices
Financial returns, although seemingly unpredictable, have been successfully modelled using market and macro-economic factors. The effect of these factors, however, may vary with time and only be statistically significant for specific periods. This paper utilises factors that have been found to capture financial market returns and applies them to the modelling of a broad set of commodities. A ch...
متن کاملCommodity High Performance Computing at Commodity Prices
The entry price of supercomputing has traditionally been very high. As processing elements, operating systems, and switch technology become cheap commodity parts, building a powerful supercomputer at a fraction of the price of a proprietary system becomes realistic. We have recently purchased, in support of both our local and national collaborations, a dedicated computational cluster of eight D...
متن کاملCommodity Prices Revisited
Empiricaf models of commodity prices are potentially important aids to decision-makers, especially as the economy has grown more complex. A typicrd time series of commodity prices exhibks positive autocorrelation, occasional spikes, and random variability, and conceptual models have been developed to explain this behavior. But, the leap from theory to empirical applications is large because of ...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: American Journal of Agricultural Economics
سال: 2014
ISSN: 0002-9092,1467-8276
DOI: 10.1093/ajae/aau014