The Costs Of Commodity Price Uncertainty And Instability
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Author | : Andrew Powell |
Publisher | : |
Total Pages | : 25 |
Release | : 1992 |
Genre | : Economics |
ISBN | : |
Download The Costs of Commodity Price Uncertainty and Instability Book in PDF, Epub and Kindle
Author | : A. Powell |
Publisher | : |
Total Pages | : 25 |
Release | : 1992 |
Genre | : |
ISBN | : |
Download " The costs of commodity price uncertainty and instability" Book in PDF, Epub and Kindle
Author | : Jan Dehn |
Publisher | : World Bank Publications |
Total Pages | : 66 |
Release | : 2000 |
Genre | : Agricultural prices |
ISBN | : |
Download The Effects on Growth of Commodity Price Uncertainty and Shocks Book in PDF, Epub and Kindle
The author estimates the effects on growth of commodity price shocks, and uncertainty within an established empirical growth model. Ex-post shocks, and ex-ante uncertainty have been treated in the empirical literature as if they were synonymous. But they are distinct concepts, and it is both theoretically, and empirically inappropriate to treat them as synonymous. He shows that the interaction between policy, and aid is robust to the inclusion of variables capturing commodity price movements. More important, his approach departs in three ways from earlier empirical studies of the subject: 1) It deals with issues of endogeneity, without incurring an excessive loss of efficiency. 2) It defines the dependent variable to allow an assessment of the longer-term implications of temporary trade shocks. 3) It imposes no priors on how commodity price movements affect growth, but compares and contrasts a range of competing shock, and uncertainty specifications. The author resolves the disagreement about the long-run effect of positive shocks on growth, finding that positive shocks have no long-run impact on growth (that windfalls from trade shocks do not translate into sustainable increases in income). He shows that negative shocks have large, highly significant, and negative effects on growth, but that commodity price uncertainty does not affect growth.
Author | : Panos Varangis |
Publisher | : World Bank Publications |
Total Pages | : 52 |
Release | : 1996 |
Genre | : Commodity exchanges |
ISBN | : |
Download dealing with commodity price uncertainty Book in PDF, Epub and Kindle
Author | : Jean-Paul Chavas |
Publisher | : University of Chicago Press |
Total Pages | : 394 |
Release | : 2014-10-14 |
Genre | : Business & Economics |
ISBN | : 022612892X |
Download The Economics of Food Price Volatility Book in PDF, Epub and Kindle
"The conference was organized by the three editors of this book and took place on August 15-16, 2012 in Seattle."--Preface.
Author | : Clement Allan Tisdell |
Publisher | : Princeton University Press |
Total Pages | : 208 |
Release | : 2015-12-08 |
Genre | : Business & Economics |
ISBN | : 1400876338 |
Download The Theory of Price Uncertainty, Production, and Profit Book in PDF, Epub and Kindle
Firms and farmers, under pure competition, must make production decisions in the face of price uncertainty. The author has integrated diverse theories of behavior under uncertainty to provide a new framework for his mathematical analysis of the impact of price uncertainty on the behavior of the firm. Drawing upon the work of Knight, Hicks, von Neumann, and Morgenstern, he develops a schema that accounts for a greater diversity of behavior than do existing theories, yet one which yields simple economic theorems of practical value. The conclusions he draws apply to both socialist and capitalist economics. Originally published in 1968. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.
Author | : Ms.Hong Liang |
Publisher | : International Monetary Fund |
Total Pages | : 22 |
Release | : 1998-12-01 |
Genre | : Business & Economics |
ISBN | : 1451980639 |
Download The Volatility of the Relative Price of Commodities In Terms of Manufactures Across Exchange Regimes Book in PDF, Epub and Kindle
This paper investigates the relationship between the nominal exchange rate regime and the volatility of relative commodity prices. The analysis shows that the relationship depends upon both the market structure and the economic agent’s perception about future exchange rate movements. When the markets for manufactured goods are less competitive than the markets for primary commodities, the volatility of relative commodity prices rises when exchange rate uncertainty increases. If demand for manufactured goods is intertemporally dependent, even a small increase in exchange rate uncertainty can result in potentially large costs in terms of increased relative commodity price instability.
Author | : Dehn |
Publisher | : |
Total Pages | : 0 |
Release | : 2013 |
Genre | : |
ISBN | : |
Download The Effects on Growth of Commodity Price Uncertainty and Shocks Book in PDF, Epub and Kindle
Author | : Jan Dehn |
Publisher | : |
Total Pages | : 62 |
Release | : 2016 |
Genre | : |
ISBN | : |
Download The Effects on Growth of Commodity Price Uncertainty and Shocks Book in PDF, Epub and Kindle
Commodity export dependency confers ex post shocks and ex ante uncertainty upon producing countries. What reduces growth is not the prospect of volatile world prices, but the actual realization of negative shocks.Dehn estimates the effects on growth of commodity price shocks and uncertainty within an established empirical growth model. Ex post shocks and ex ante uncertainty have been treated in the empirical literature as if they were synonymous. But they are distinct concepts and it is both theoretically and empirically inappropriate to treat them as synonymous.He shows that the interaction between policy and aid is robust to the inclusion of variables capturing commodity price movements. More important, his approach departs in three ways from earlier empirical studies of the subject:- It deals with issues of endogeneity without incurring an excessive loss of efficiency.- It defines the dependent variable to allow an assessment of the longer-term implications of temporary trade shocks.- It imposes no priors on how commodity price movements affect growth, but compares and contrasts a range of competing shock and uncertainty specifications.Dehn resolves the disagreement about the long-run effect of positive shocks on growth, finding that positive shocks have no long-run impact on growth (that windfalls from trade shocks do not translate into sustainable increases in income).He shows that negative shocks have large, highly significant, and negative effects on growth, but that commodity price uncertainty does not affect growth.This paper - a product of Rural Development, Development Research Group - is part of a larger effort in the group to analyze the impact of commodity price risks on developing economies. The author may be contacted at [email protected].
Author | : Jean-Paul Chavas |
Publisher | : University of Chicago Press |
Total Pages | : 394 |
Release | : 2014-10-17 |
Genre | : Business & Economics |
ISBN | : 022612908X |
Download The Economics of Food Price Volatility Book in PDF, Epub and Kindle
There has been an increase in food price instability in recent years, with varied consequences for farmers, market participants, and consumers. Before policy makers can design schemes to reduce food price uncertainty or ameliorate its effects, they must first understand the factors that have contributed to recent price instability. Does it arise primarily from technological or weather-related supply shocks, or from changes in demand like those induced by the growing use of biofuel? Does financial speculation affect food price volatility? The researchers who contributed to The Economics of Food Price Volatility address these and other questions. They examine the forces driving both recent and historical patterns in food price volatility, as well as the effects of various public policies in affecting this volatility. The chapters include studies of the links between food and energy markets, the impact of biofuel policy on the level and variability of food prices, and the effects of weather-related disruptions in supply. The findings shed light on the way price volatility affects the welfare of farmers, traders, and consumers.