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This paper examines the effect of crude oil prices on the prices of 35 internationally traded primary commodities for the 1960-2005 period. It finds that the pass-through of crude oil price changes to the overall non-energy commodity index is 0.16. At a more disaggregated level, the fertilizer...
Persistent link: https://www.econbiz.de/10012552780
Uncertainty about commodity export prices is important to developing countries -- both governments and producers -- that export primary commodities. Commodity export price uncertainty is typically measured as the standard deviation in the terms of trade. There are three problems with this...
Persistent link: https://www.econbiz.de/10012572806
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...
Persistent link: https://www.econbiz.de/10012572849
allocation, commodity prices, factor prices and household income. A second model based on world-wide household surveys uses these …
Persistent link: https://www.econbiz.de/10012554510
oilseed prices compared with a fuel tax exemption. Jumps in world crude oil prices have differential impacts on commodity …
Persistent link: https://www.econbiz.de/10012559485
evaluating economically optimal allocations of the world's land resources. A dynamic, forward-looking optimization framework …
Persistent link: https://www.econbiz.de/10012572627
This paper revisits and expands the evidence on the impact of trade shocks on intra-state conflict with a large sample of developing countries in the 1960-2010 period. The results suggest that increases in the prices of a country's exported commodities raise the country's risk of civil conflict...
Persistent link: https://www.econbiz.de/10012572105
This paper investigates the causal impact of oil price fluctuations on financial markets since January 2014. Following a heteroscedasticity-based event study approach, the paper instruments changes in oil prices by exogenous shocks in oil supply. It finds that oil price declines raise...
Persistent link: https://www.econbiz.de/10012570592
Between 1999 and 2008, world oil prices more than quadrupled in real terms. For oil importers, vulnerability to oil … domestic product. Oil intensity fell in more than half the countries in every income group and in every region of the world … pass-through to consumers of increases in world prices of gasoline, diesel, kerosene, and liquefied petroleum gas between …
Persistent link: https://www.econbiz.de/10012557110
A global computable general equilibrium model is used to analyze the economic impacts of rising oil prices with endogenously determined availability of biofuels to mitigate those impacts. The negative effects on the global economy are comparable to those found in other studies, but the impacts...
Persistent link: https://www.econbiz.de/10012560120