Global economic activity indexes revisited
Economics Letters, 2020, vol. 193, issue C
This study contributes to the debate about two measures of global real economic activity: real shipping costs and world industrial production. We show that once both measures are transformed in the same way, both can predict commodity prices. Moreover, we demonstrate that real shipping costs lead world industrial production.
Keywords: Global economic activity; Real shipping costs; World industrial production (search for similar items in EconPapers)
JEL-codes: F44 Q11 Q31 Q41 Q43 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:193:y:2020:i:c:s0165176520301828
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