VOLATILITY IN COPPER PRICES IN INDIA
Nidhi Choudhary (),
Girish Nair () and
Harsh Purohit ()
Additional contact information
Nidhi Choudhary: Faculty of Management Studies, WISDOM, Banasthali Vidyapith, India
Harsh Purohit: WISDOM, Faculty of Management Studies, Banasthali Vidyapith, India
Annals of Financial Economics (AFE), 2015, vol. 10, issue 02, 1-26
Copper is more popularly known as “Dr. Copper” especially in developed nations, for it is considered as the pulse of the economy. The metal is considered as most erudite to forecast the level of economic activities. But how much is it relevant for Indian Economy? The proposed study explores this face of the situation and considers if in India copper is capable of influencing the economic activities or if the vice versa situation exists. The study uses the nonlinear cointegration and causality tests to understand the direction of causality in volatility of copper prices in India. The volatility in copper prices are studied with respect to movement in Sensex which is considered as the barometer of capital market in India, movement in INR/USD exchange rate which is a major factor behind volatility in copper prices as per MCX and movement in International Copper prices.
Keywords: Copper; Bai–Perron test; nonlinear cointegration; nonlinear causality (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed
Downloads: (external link)
Access to full text is restricted to subscribers.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:wsi:afexxx:v:10:y:2015:i:02:n:s2010495215500086
Ordering information: This journal article can be ordered from
Access Statistics for this article
Annals of Financial Economics (AFE) is currently edited by Michael McAleer
More articles in Annals of Financial Economics (AFE) from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().