Super-Cycles of Commodity Prices Since the Mid-Nineteenth Century

Super-Cycles of Commodity Prices Since the Mid-Nineteenth Century
Author: Bilge Erten
Publisher:
Total Pages: 1
Release: 2012
Genre:
ISBN:

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Decomposition of real commodity prices suggests four super-cycles during 1865-2009 ranging between 30-40 years with amplitudes 20-40 percent higher or lower than the long-run trend. Non-oil price super-cycles follow world GDP, indicating they are essentially demand-determined; causality runs in the opposite direction for oil prices. The mean of each super-cycle of non-oil commodities is generally lower than for the previous cycle, supporting the Prebisch-Singer hypothesis. Tropical agriculture experienced the strongest and steepest long-term downward trend through the twentieth century, followed by non-tropical agriculture and metals, while real oil prices experienced a long-term upward trend, interrupted temporarily during the twentieth century.

The Great Super Cycle

The Great Super Cycle
Author: David Skarica
Publisher: John Wiley & Sons
Total Pages: 275
Release: 2010-10-15
Genre: Business & Economics
ISBN: 0470940247

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The United States has a problem – a big problem. Due to costs associated with the massive bailout of financial institutions deemed "too big to fail," on-going armed conflicts, and a move towards socialism, another even bigger bubble is about to burst – the debt bubble. The Great Super Cycle: Profit from the Coming Inflation Tidal Wave and Dollar Devaluation is an intriguing look at the relationship between Washington and Wall Street; the history of political shifts in power and how those shifts influenced the global economy; and, the ways investors can profit as economies move away from U.S. dollar and debt. The book: Discusses how a socialist America will result in the U.S. economy becoming far less competitive, while causing funds to move offshore Details how investors can profit by investing in gold, oil, and Asian markets Explains major cyclical movements from the mega cycle of world power to stock market cycles which last 10-20 years. As the United States begins to deal with its massive debt bubble, The Great Super Cycle just might prove the most powerful tool an investor has for making money in the turbulent years to come.

Commodity Price Supercycles

Commodity Price Supercycles
Author: Bahattin Buyuksahin
Publisher:
Total Pages: 12
Release: 2019
Genre:
ISBN:

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Because commodity prices help determine Canada's terms of trade, employment, income and, ultimately, inflation, it is important to understand what causes them to fluctuate. Since the early 1900s, there have been four commodity price supercycles -- which we define as extended periods of boom and bust that can take decades to complete. Now in its downswing phase, the current supercycle started after growth in China and other emerging-market economies in the mid-1990s resulted in an unexpected demand shock. The extent of this downswing depends on numerous factors that are presently uncertain.

The Transmission of Commodity Price Super-Cycles

The Transmission of Commodity Price Super-Cycles
Author: Felipe Benguria
Publisher:
Total Pages: 0
Release: 2018
Genre:
ISBN:

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We examine the channels through which commodity price super-cycles affect the economy. Exploiting regional variation in exposure to commodity price shocks and administrative firm-level data from Brazil we disentangle two transmission channels. Higher commodity prices increase domestic demand (wealth channel), disproportionately benefiting nonexporters, and induce wage increases (cost channel) especially among unskilled workers, hurting unskilled-intensive industries. We introduce a dynamic model with heterogeneous firms and workers to quantify these mechanisms and evaluate welfare. The cost channel explains two-thirds of intersectoral labor reallocation, while the wealth channel explains two-thirds of the labor reallocation between exporters and nonexporters.

Commodity Price Movements and Banking Crises

Commodity Price Movements and Banking Crises
Author: Mr.Markus Eberhardt
Publisher: International Monetary Fund
Total Pages: 53
Release: 2018-07-06
Genre: Business & Economics
ISBN: 1484366778

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We develop an empirical model to predict banking crises in a sample of 60 low-income countries (LICs) over the 1981-2015 period. Given the recent emergence of financial sector stress associated with low commodity prices in several LICs, we assign price movements in primary commodities a key role in our model. Accounting for changes in commodity prices significantly increases the predictive power of the model. The commodity price effect is economically substantial and robust to the inclusion of a wide array of potential drivers of banking crises. We confirm that net capital inflows increase the likelihood of a crisis; however, in contrast to recent findings for advanced and emerging economies, credit growth and capital flow surges play no significant role in predicting banking crises in LICs.

End of the Supercycle and Growth of Commodity Producers

End of the Supercycle and Growth of Commodity Producers
Author: Luc Eyraud
Publisher: International Monetary Fund
Total Pages: 48
Release: 2015-11-23
Genre: Business & Economics
ISBN: 1513546198

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This paper estimates the effect of copper prices on Chile’s growth at various time horizons. We find that a price decline is likely to have a durable (although not permanent) effect on GDP growth: while the impact is the strongest in the first 3 years after the shock, the transition towards the new lower steady-state GDP level generally takes 5–10 years. From a production function perspective, the GDP growth slowdown is mainly driven by lower capital accumulation.

Guide to Commodities

Guide to Commodities
Author: Caroline Bain
Publisher: John Wiley & Sons
Total Pages: 286
Release: 2013-04-11
Genre: Business & Economics
ISBN: 1118420748

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A gold mine of information, insights and powerful tools to help you win big in today's commodities markets The recent fortunes made by investors in rare earth metals and gold are just two shining examples of what an extremely profitable investment class commodities can be. But with radical swings in price volatility (think oil) and the vagaries of global geopolitics, commodities also can be one of the trickiest arenas in which to play. Written by the Senior Commodities Editor for The Economist Intelligence Unit, this book provides you with a comprehensive, highly practical look at the commodities markets. In addition to covering major trends and key changes in the markets, both past and present, it supplies you with proven tools for analyzing and taking full advantage of this ever-changing asset class. Focuses specifically on natural commodities classes, such as natural resources and raw materials, both mineral and agricultural Explores trends in the consumption and production of the commodities in question as well as the changing markets for those goods Describes how commodities prices have changed historically and in recent years and how they are likely to change in future Arms investors with an array valuable tools for analyzing market movements, timing trades and tracking and predicting price volatility

The End of Doom

The End of Doom
Author: Ronald Bailey
Publisher: Macmillan
Total Pages: 368
Release: 2015-07-21
Genre: Political Science
ISBN: 1250057671

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A science-backed, fact-based refutation of many prevailing environmental theories; proving that most current global environmental trends are, in fact, positive.

The global economy of pulses

The global economy of pulses
Author: Food and Agriculture Organization of the United Nations
Publisher: Food & Agriculture Org.
Total Pages: 190
Release: 2019-10-18
Genre: Social Science
ISBN: 9251097305

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The production, trade and consumption of pulses have seen substantial growth over the last fifteen years. This report examines the trends and patterns of this growth, and the factors that explain these for different kinds of pulses. The report presents an analysis of trends of consumption of pulses in different regions of the world and discusses the role that pulses can play in human nutrition. The report presents an analysis of the dynamics of growth of major pulses in different pulse-producing countries of the world. It describes the increasingly important role of trade in the global economy of pulses and presents an analysis of changing patterns of trade. The report argues that there is a pressing need to close the large gap between potential and actual yields, particularly on smallholder farms in South Asia and sub-Saharan Africa, by increased adoption of improved varieties and modern agronomic practices in all developing countries. This in turn requires a major thrust in agricultural research and extension, improving credit availability, and public investment directed at pulse production. The report discusses future prospects and policy imperatives for sustaining the growth of pulse production.