This research examines the arbitrage condition between Financial markets and commodity markets According to the standard arbitrage condition, for risk-neutral investors to be indifferent between holding securities or commodities, the expected commodity price appreciation, adjusted for physical...

Indirect taxes are an important element in stabilization tax packages that aim at raising revenue in the short run. This paper evaluates, by using a general equilibrium model, alternative instruments of indirect taxation in middle-income developing countries. It uses data for Thailand as an...

A recent addition to the ARCH family of econometric models was introduced by Ding, Granger and Engle (1993) wherein the power term by which the data is transformed was estimated within the model rather than being imposed by the researcher. This paper considers the ability of the Power GARCH...

This study estimated price and non-price supply response coefficients for nine individual corps, sub-sectoral aggregates and commodity exports using the two-stage squares (TSLS) and seemingly unrelated regression method (SURM) as tools for evaluating the effects of sub-sector aggregates on...

This paper has investigated export pass-through in the tarde of Australia's main commodity exports in an attempt to determine whether Australia is a price-taker in the trade of those items.