Primary Commodity Markets and Models
Author: Walter C. Labys
Publisher: Gower Publishing Company, Limited
Published: 1987
Total Pages: 308
ISBN-13:
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Primary Commodity Prices
Author: L. Alan Winters
Publisher: Cambridge University Press
Published: 1990-03-08
Total Pages: 334
ISBN-13: 9780521385503
DOWNLOAD EBOOK →Commodity markets are of considerable interest and importance to economists, econometricians and dealers. This book reports the proceedings of an international conference on 'Primary Commodity Prices: Economic Models and Policy', held in London under the auspices of the Centre for Economic Policy Research in March 1989. A range of papers by leading international authorities covers topics such as expectations formation in econometric commodity market models; price determination in the market for aluminium; the estimation of dynamic disequilibrium models with rational expectations; and a comparison of forward markets and buffer stocks as commodity earnings stabilizers. A key feature of this stock is its development of the policy implications of theoretical and empirical work in the field of commodity economics. Most papers are accompanied by discussant's comments to draw out their technical and policy implications. The book's readership will include commodity economists, commodity market practitioners and policy analysis, as well as professionals and advanced students interested in the fields of applied econometrics, economic development and international trade.
Modeling and Forecasting Primary Commodity Prices
Author: Walter C. Labys
Publisher: Routledge
Published: 2017-03-02
Total Pages: 264
ISBN-13: 1351917080
DOWNLOAD EBOOK →Recent economic growth in China and other Asian countries has led to increased commodity demand which has caused price rises and accompanying price fluctuations not only for crude oil but also for the many other raw materials. Such trends mean that world commodity markets are once again under intense scrutiny. This book provides new insights into the modeling and forecasting of primary commodity prices by featuring comprehensive applications of the most recent methods of statistical time series analysis. The latter utilize econometric methods concerned with structural breaks, unobserved components, chaotic discovery, long memory, heteroskedasticity, wavelet estimation and fractional integration. Relevant tests employed include neural networks, correlation dimensions, Lyapunov exponents, fractional integration and rescaled range. The price forecasting involves structural time series trend plus cycle and cyclical trend models. Practical applications focus on the price behaviour of more than twenty international commodity markets.
Commodity Models for Forecasting and Policy Analysis
Author: Walter C. Labys
Publisher: Taylor & Francis
Published: 2024-02-01
Total Pages: 222
ISBN-13: 1003846718
DOWNLOAD EBOOK →Originally published in 1984 this book remains as relevant as when it was first published. At that time the oil crises of the 1970s and the growing international debt burden highlighted the extent to which events in primary commodity markets continue to influence the economies of developing and industrialized economies alike. Commodity modelling has become a valuable tool in efforts to predict and understand the behaviour of commodity markets and thereby reduce their fluctuations. This book provides an overview of the nature of the different types of commodity model as well as their diverse applications. In non-technical language the reader is introduced to the underlying modelling methodologies, including their advantages, limitations and commodity specific implications. The book will be of interest to commodity economists, traders and analysts, economic planners and those involved in agricultural, mineral and energy modelling.
Commodity Models for Forecasting and Policy Analysis
Author: Walter C. Labys
Publisher: Routledge
Published: 1984
Total Pages: 209
ISBN-13: 9780709916161
DOWNLOAD EBOOK →Primary commodity markets in a world model system
The Economics of Primary Commodities
Author: David Sapsford
Publisher: Edward Elgar Publishing
Published: 1994
Total Pages: 200
ISBN-13:
DOWNLOAD EBOOK →Contributions by leading economists in the area of the economic analysis of primary commodity markets are brought together in this volume. It provides a detailed coverage of major recent developments in the economic analysis of primary commodity markets, including modelling and policy issues. The essays should provide the reader with an overview of the current state of the art and also a useful platform on which future research might be based.
Commodity Prices and Markets
Author: Takatoshi Ito
Publisher: University of Chicago Press
Published: 2011-03
Total Pages: 346
ISBN-13: 0226386899
DOWNLOAD EBOOK →Fluctuations of commodity prices, most notably of oil, capture considerable attention and have been tied to important economic effects. This book advances our understanding of the consequences of these fluctuations, providing both general analysis and a particular focus on the countries of the Pacific Rim.
International Commodity Market Models and Policy Analysis
Author: O. Güvenen
Publisher: Springer Science & Business Media
Published: 2012-12-06
Total Pages: 276
ISBN-13: 940091167X
DOWNLOAD EBOOK →o. Guvenen, University of Paris IX-Dauphine The aim of this publication is to present recent developments in international com modity market model building and policy analysis. This book is based mainly on the research presented at the XlIth International Conference organised by the Applied Econometric Association (AEA) which was held at the University of Zaragoza in Spain. This conference would not have been possible with out the cooperation of the Department of Econometrics of the University of Zaragoza and its Chairman A.A. Grasa. I would like to express my thanks to all contributors. I am grateful to J.H.P. Paelinck, J.P. Ancot, A.J. Hughes Hallett and H. Serbat for their constructive contributions and comments concerning the structure of the book. vii INTRODUCTION o. Guvenen The challenge of increasing complexity and global interdependence at the world level necessitates new modelling approaches and policy analysis at the macroeconomic level, and for commodities. The evaluation of economic modelling.follows the evolution of international economic phenomena. In that interdependent context there is a growing need for forecasting and simulation tools in the analysis of international primary com modity markets.
International Commodity Market Models
Author: O. Güvenen
Publisher: Springer
Published: 2012-10-23
Total Pages: 0
ISBN-13: 9789401053679
DOWNLOAD EBOOK →RONALD C. DUNCAN During the 1980s, substantial advances were made in the global modelling of commodity markets in several areas, advances which were reflected in many of the papers delivered to the Applied Econometrics Association meeting held at the World Bank in Washington, DC, in October 1988. The several areas where I see advances being made, some of which the International Commodity Markets Division of the World Bank has taken part in, are the following: (a) in the theoretical specification of commodity price behaviour; (b) in the increased emphasis on modelling imperfect markets; (c) in the incorporation of the interrelationships between macro economic and commodity market variables; (d) in the specification of supply response, particularly in respect of perennial crops; and (e) in the realization of complementarity between time series analysis and economet rically estimated structural models. Improvements in the specification of the commodity price formation process have probably been the most important of the above advances. Until the early 1980s, prices were modelled as a simple linear function of stocks. Gilbert has played an important role in introducing the rational expecta tions hypothesis into the specification of commodity prices. Recent work by Gilbert, Trivedi, and Deaton and Laroque offers the possibility of non-linear specification of the relationship between prices and stocks within an expectational framework and of thereby capturing the phenomenon of sharp run-ups in commodity prices. Gilbert has also played an important role in clarifying the interrelation ships between macroeconomic variables and primary commodity prices.
