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A readily computable commodity price index: 1900–2016

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  • Fernandez, Viviana

Abstract

This article presents an extended version of Grilli and Yang (1988)’s non-fuel commodity price index (GYCPI) for the period of 1900−2016. Specifically, the annual index under consideration comprises thirty-six commodities: the twenty-four non-fuel primary commodities considered by Grilli and Yang, two fuel commodities (i.e., oil and coal), eight additional metals and minerals (i.e., boron, cobalt, iron ore, iron & steel, manganese, phosphate rock, tungsten, and nickel), and two additional precious metals (i.e., gold and platinum). The extended index displays strong co-movement with a Divisia-version of GYCPI.

Suggested Citation

  • Fernandez, Viviana, 2019. "A readily computable commodity price index: 1900–2016," Finance Research Letters, Elsevier, vol. 31(C).
    • Handle: RePEc:eee:finlet:v:31:y:2019:i:c:s1544612318304902
    DOI: 10.1016/j.frl.2018.12.015
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    References listed on IDEAS

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    1. Grilli, Enzo R & Yang, Maw Cheng, 1988. "Primary Commodity Prices, Manufactured Goods Prices, and the Terms of Trade of Developing Countries: What the Long Run Shows," The World Bank Economic Review, World Bank, vol. 2(1), pages 1-47, January.
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    Cited by:

    1. Winkelried, Diego, 2021. "Unit roots in real primary commodity prices? A meta-analysis of the Grilli and Yang data set," Journal of Commodity Markets, Elsevier, vol. 23(C).

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