China-to-FOB price transmission in the rare earth elements market and the end of Chinese export restrictions
Energy Economics, 2021, vol. 102, issue C
This paper investigates the impact of the end of the export quota system (EQS) on China-to-export price transmission in the rare earth elements market, taking into account threshold effects and price transmission asymmetries. The results indicate that export prices became more responsive to changes of Chinese prices after the Chinese Ministry of Commerce (MOFCOM) abandoned the exort quota policy. While price shocks wash out much quicker in the Post-EQS period, we do not find evidence for rockets and feathers-type of behaviour.
Keywords: Rare earth elements; Export quotas; Asymmetric price transmission; Threshold autoregression (TAR); Threshold error correction model (TECM) (search for similar items in EconPapers)
JEL-codes: C32 Q02 Q37 Q38 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:eneeco:v:102:y:2021:i:c:s0140988321003716
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