Models of Primary Price Indices

L. Winters

Oxford Bulletin of Economics and Statistics, 1987, vol. 49, issue 3, 307-22

Abstract: Equations are estimated to explain and predict the price indices for three b road groups of primary commodities. The questions of principal intere st are the effect of economic activity on prices and the dynamics of the adjustment of prices to external shocks. The results suggest that adjustment patterns are quite complex and long lived, but that in th e long run levels of world economic activity do not effect the prices of primaries relative to manufacturers. The equations are compared w ith those deriving from three alternative models of primary prices dr awn from the literature, and are found to be preferable in nearly eve ry respect. Copyright 1987 by Blackwell Publishing Ltd

Date: 1987
References: Add references at CitEc
Citations: View citations in EconPapers (4)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:bla:obuest:v:49:y:1987:i:3:p:307-22

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0305-9049

Access Statistics for this article

Oxford Bulletin of Economics and Statistics is currently edited by Christopher Adam, Anindya Banerjee, Christopher Bowdler, David Hendry, Adriaan Kalwij, John Knight and Jonathan Temple

More articles in Oxford Bulletin of Economics and Statistics from Department of Economics, University of Oxford Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery ().