Patterns in World Metals Prices

Mei-Hsiu Chen and Kenneth Clements
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Mei-Hsiu Chen: Business School, University of Western Australia

No 12-08, Economics Discussion / Working Papers from The University of Western Australia, Department of Economics

Abstract: This paper uses a descriptive statistical approach to identify longer-term patterns, or empirical regularities, in the prices of 16 prominent metals from 1950 to 2010. We also examine some related aspects of the behaviour of the corresponding volumes. Our approach is to summarise the data in the form of price and volume indexes and comparison matrices that provide a convenient way of making pairwise comparisons of different metals. Finally, we also present some evidence on the sensitivity of metal prices to variations in supplies.

Pages: 39 pages
Date: 2012
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Citations: View citations in EconPapers (1)

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