A readily computable commodity price index: 1900–2016

Viviana Fernandez

Finance Research Letters, 2019, vol. 31, issue C

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.

Keywords: Grilli-Yang commodity price index; Divisia; Prebish-Singer hypothesis (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1544612318304902
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:31:y:2019:i:c:s1544612318304902

DOI: 10.1016/j.frl.2018.12.015

Access Statistics for this article

Finance Research Letters is currently edited by R. Gençay

More articles in Finance Research Letters from Elsevier
Bibliographic data for series maintained by Catherine Liu ().