 Does gross domestic product, inflation, total investment, and exchanges rate matter in natural resources commodity prices volatilityTian Huawei Resources Policy, 2022, vol. 79, issue C Abstract: China is a highly industrial country indexed high on demand for energy resources like oil and coal. It is believed that the economic factors in China, such as the gross domestic product, currency exchange rate, rate of inflation, and interest rates, can lead to creating cost surges, either positive or negative, in the prices of the commodities like oil and coal. Using a vector autoregression (VAR) model, based on data from 1981 to 2020, the researcher in the current study found a direct impact of all the factors on the volatility of coal and oil prices, except the exchange rate. The findings of this study indicate that there is a need to control economic and financial overflow So that the prices of natural resource commodities can be normalized. The policymakers in China and other similar countries can use the current study's findings to improve their economic policies, exchange rate, inflation, and other factors that contribute to the unavailability and extremely high or low prices of commodity resources. Keywords: Commodity prices; Price volatility; Coal; Oil; Natural resources; VAR model; China (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:jrpoli:v:79:y:2022:i:c:s0301420722004561 DOI: 10.1016/j.resourpol.2022.103013 Access Statistics for this article Resources Policy is currently edited by R. G. Eggert More articles in Resources Policy from Elsevier |
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