Market Power and Primary Commodity Prices: The Case of Copper
AbstractThis paper identifies the economic fundamentals of the evolution of copper price. The main hypotheses of the paper is that cooper price is mainly determined by the evolution of demand of countries with large market power on that market. The novelty is that nominal exchange rate are one of the fundamental of market power. We use monthly data ranging from 1994 to 2003 and by means of a cointegration analysis; we find the Asian block significantly affects the price of this tradable good.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Instituto de Economia. Pontificia Universidad Católica de Chile. in its series Documentos de Trabajo with number 282.
Date of creation: 2005
Date of revision:
Publication status: Published as "Market Power and Primary Commodity Prices: The Case of Copper", Journal of Applied Economics Letters, por aparecer.
Market power; commodity prices;
Other versions of this item:
- Rodrigo A. Cerda, 2007. "Market power and primary commodity prices: the case of copper," Applied Economics Letters, Taylor and Francis Journals, vol. 14(10), pages 775-778.
You can help add them by filling out this form.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Amparo García).
If references are entirely missing, you can add them using this form.