Market power and primary commodity prices: the case of copper

被引：5

作者：

Cerda, Rodrigo A. ^{[1
]}

机构：

[1] Pontificia Univ Catolica Chile, Dept Econ, Santiago, Chile

来源：

APPLIED ECONOMICS LETTERS | 2007年 / 14卷 / 10期

关键词：

D O I：

10.1080/13504850601058508

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This study identifies the economic fundamentals of the evolution of copper price. Its main hypothesis is that copper price is mainly determined by the evolution of demand of countries with large market power on that market. The novelty is that nominal exchange rates are one of the fundamentals of market power. Monthly data are used ranging from 1994 to 2003 and by means of a cointegration analysis; it is found that the Asian bloc significantly affects the price of this tradable good.

引用

页码：775 / 778

页数：4