| Titre : | International commodity market models : advances in methodology and applications |
| Auteurs : | International Conference of the Applied Econometrics Association on International Commodity Market Modelling, Éditeur scientifique ; Orhan Guvenen, Éditeur scientifique ; Walter C. Labys, Éditeur scientifique ; Jean-Baptiste Lesourd, Éditeur scientifique |
| Type de document : | Ouvrages |
| Editeur : | London : Chapman & Hall, 1991 |
| Collection : | International studies in economic modelling |
| ISBN/ISSN/EAN : | 978-0-412-35690-2 |
| Format : | 1 vol. (xxii-330 p.) / 25 cm |
| Note générale : | Selected revised versions of papers presented at the 25th International Conference of the Applied Econometrics Association on International Commodity Market Modelling, at the World Bank, Washington, DC, on 24-26 Oct. 1988 |
| Langues: | Anglais |
| Catégories : |
[Eurovoc] ÉCHANGES ÉCONOMIQUES ET COMMERCIAUX > échanges économiques > échange commercial > exportation [Eurovoc] ÉCHANGES ÉCONOMIQUES ET COMMERCIAUX > politique commerciale > marché > marché international [Eurovoc] ÉDUCATION ET COMMUNICATION > documentation > document > acte de congrès |
| Tags : | equilibrium analysis |
| Résumé : | 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. |
| Note de contenu : |
Part 1 Advances in modelling methology: new horizons in international commodity market modelling, W.C. Labys et al; computing equilibria in imperfectly competitive commodity markets, C. Kolstad and L. Mathiesen; recent developments in spatial (temporal) equilibrium models - non-linearity, existence and other issues, T. Takayama and T.C. MacAulay; shadow pricing for natural resource goods and services, using the emergy method, G. Pillet.
Part 2 Application of new methodologies to particular commodity markets (agricultural, mineral, and energy commodities): the effectiveness of the world coffee agreement - simulation study using a quarterly model of the world coffee market, F.C. Palm and B. Vogelvang; modelling the world fibre market, M.E. Thigpen and D.O. Mitchell; technical change, relative prices anf intermaterial substitution, T.J. Considine; spectral interpretation of stock adjustment processes in mineral markets, A. Afriasabi, M. Moallem and W.C. Labys; the linkages between the markets for petroleum products and the market for crude oil - an economic linear programming study, F.G. Adams, E.A. Kroch and Z.V. Didziulis; modelling the international natural gas market - the case of the Western European natural gas market, J. Percebois, J.B. Lesourd and J.M. Ruiz. Part 3 Application of new methodologies to commodity future markets: dynamic welfare analysis and commodity futures markets overshooting, G.C. Rausser and N. Walraven; when does the creation of a futures market destabilize the spot prices?, P. Artus; the producer and futures markets, J.P. Daloz; futures prices and hidden stocks of refined oil products, M.N. Lowry. Part 4 Application of new methodologies to other commodity market issues: post-recession commodity price formation, M.J. Lord; tradeoffs between short-run stability and long-run risk when stabilizing a commodity market, B.L. Dixon and A.J. Hughes Hallett; are commodity prices leading indicators of OECD prices?, M. Durand and S. Blondal; conclusion, O. Guvenen, W.C. Labys and J.B. Lesourd. |
Exemplaires (1)
| Code-barres | Cote | Support | Localisation | Section | Disponibilité |
|---|---|---|---|---|---|
| 003205 | OA 819 | Livre | Centre de documentation du CERDI / Ecole d'Economie | Salle de lecture | Disponible |
