کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
985942 934729 2010 14 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Understanding world metals prices—Returns, volatility and diversification
موضوعات مرتبط
مهندسی و علوم پایه علوم زمین و سیارات زمین شناسی اقتصادی
پیش نمایش صفحه اول مقاله
Understanding world metals prices—Returns, volatility and diversification
چکیده انگلیسی

In recent times, the prices of internationally traded metals have reached record highs and there is considerable uncertainty regarding their future. This phenomenon is partially driven by strong demand from a small number of emerging economies, such as China and India. This paper uses a long time-series (1900–2007) on 21 metals prices to investigate their properties, and presents unique features of their volatility, including a decomposition into within- and between-group components. If most volatility is commodity-specific rather than “global”, then metals-exporting dependent economies can smooth income via diversification.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Resources Policy - Volume 35, Issue 3, September 2010, Pages 127–140
نویسندگان
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