{"title":"Elucidating Conundrum of Palm Oil Under Illusion of Global Economy Well-Being (Presentation Slides)","authors":"Ali Muhammad Lakdawala","doi":"10.2139/ssrn.2707035","DOIUrl":"https://doi.org/10.2139/ssrn.2707035","url":null,"abstract":"Paper discusses the effect of global growth impacting petroleum & in turn driving or curtailing demand for BioD (biodiesel).Asian markets are very price sensitive: BioD becomes priority at feedstock producing centres for arresting prices from falling further & at consuming centres only if economy is growing at good pace which at present is being curtailed by CAD (Current Account Deficit).","PeriodicalId":12584,"journal":{"name":"Global Commodity Issues eJournal","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2014-10-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85426431","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Volatility Transmission in Energy Futures Markets","authors":"M. Soucek, N. Todorova","doi":"10.21314/JEM.2014.113","DOIUrl":"https://doi.org/10.21314/JEM.2014.113","url":null,"abstract":"This study is novel in its application of a multivariate heterogeneous autoregressive model to studying volatility transmission patterns in energy futures markets. In particular, the nature of volatility spillovers between futures on crude oil, natural gas and gasoil is examined by using range-based volatility proxies and splitting volatility in components defined over different time horizons. The results provide evidence that crude oil futures carry significant information for the volatility evolution of other energy futures traded on the Intercontinental Exchange (ICE) and reveal interesting insights into the sources of the documented volatility interrelations. Short-term shocks in Brent oil volatility significantly affect the volatility of gasoil futures, while the impact of oil and gasoil on natural gas is driven by the long-term volatility component. Additionally, Brent oil and gasoil ICE futures volatilities exhibit strong positive dynamic correlation, whereas the remaining pairwise correlation curves fluctuate around zero.","PeriodicalId":12584,"journal":{"name":"Global Commodity Issues eJournal","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2014-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84177105","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Peru as a Regional Hub for Trade Facilitation and Logistics Services: Strategic Considerations","authors":"Manuel Angel Quindimil","doi":"10.2139/SSRN.2618488","DOIUrl":"https://doi.org/10.2139/SSRN.2618488","url":null,"abstract":"Peru has been implementing a policy of opening up and liberalizing trade aimed at integrating the country into the global economy with a view to improving the well-being of the population and benefiting from international market specialization. In spite of such trade policy assertiveness, the country continues to face many pending challenges in developmental policies. One such challenge relates to trade facilitation, logistics, and transport facilitation. As import tariffs have been reduced, border management and behind the border measures are becoming much more important for Peruvian competitiveness in both internal and external markets. Apart from the purpose of incorporating Peruvian production to the international economy, Peru aims to be a hub in the Southern Cone region to serve the Asian Pacific Rim markets. To achieve both goals Peru has to design a national and sub-regional policy which includes elements of trade facilitation and transport facilitation. This plan should be coherent and aligned with the country’s and the region’s present and future integration schemes.","PeriodicalId":12584,"journal":{"name":"Global Commodity Issues eJournal","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2014-08-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79750158","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Squaring the Circle: Management, Measurement and Performance of Sustainability in Supply Chains","authors":"Johanne Grosvold, Stefan Hoejmose, J. Roehrich","doi":"10.1108/SCM-12-2013-0440","DOIUrl":"https://doi.org/10.1108/SCM-12-2013-0440","url":null,"abstract":"Purpose – The purpose of this study is to evaluate the relationships between management, measurement and performance of sustainability in supply chains. The authors develop a framework which explores these links through decoupling as articulated by the institutional theory. They draw on a conceptual continuum of reactive-proactive sustainable supply chain practices and identify clusters of companies along these dimensions and evaluate the theoretical and managerial implications of this for sustainability performance. Design/methodology/approach – This study uses primary and secondary datasets from 12 inductive, multiple case studies across different industries. This method ensures that we are better able to encapsulate a broader and more diverse set of practices and settings which in turn adds robustness to the theory we induced from our findings. Findings – The authors find varying degrees of alignment between management practices and measurement systems of sustainable supply chains. Some firms better al...","PeriodicalId":12584,"journal":{"name":"Global Commodity Issues eJournal","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2014-04-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"91520763","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Managing Competing Channels through Nonlinear Contracts","authors":"R. Inderst, G. Shaffer","doi":"10.2139/ssrn.3378458","DOIUrl":"https://doi.org/10.2139/ssrn.3378458","url":null,"abstract":"An upstream supplier constrained by downstream competition and the threat of demand-side substitution faces a trade-off between maximizing overall joint-profit and extracting surplus. By inducing more intra-brand competition through lower wholesale prices, the supplier makes it less attractive for downstream firms to switch to alternative sources of supply. This insight yields various implications that are strikingly different from those of extant models of vertical contracting: (1) Though the supplier can control competing channels through non-linear supply contracts, marginal wholesale prices and final goods' prices both decrease when either down- stream competition intensifies or the supplier becomes more constrained by the threat of demand-side substitution. (2) It may be optimal for the supplier to \"balance\" his sales across competing channels through disadvantaging more efficient downstream firms, thereby smoothing out differences in market shares.","PeriodicalId":12584,"journal":{"name":"Global Commodity Issues eJournal","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2014-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73314265","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Trade in Agricultural and Food Products in Central Asia","authors":"R. Mogilevskii, Akramov Kamiljon","doi":"10.2139/SSRN.2946713","DOIUrl":"https://doi.org/10.2139/SSRN.2946713","url":null,"abstract":"This paper discusses trends in and patterns of trade in agricultural and food products in Central Asia. The analysis shows that these products’ exports lose and imports increase its importance for all economies of Central Asia. Trade policies with regards to agricultural and food products vary greatly in the region from very liberal to quite protectionist. No correlation is observed between the type of trade regime and performance of agricultural production and trade. The paper also provides an overview of the recent changes in trade policies including those related to the creation of the Customs Union of Belarus, Kazakhstan and Russian Federation and their potential impact on agricultural and food trade in the region.","PeriodicalId":12584,"journal":{"name":"Global Commodity Issues eJournal","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2014-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87077060","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Commodity Position Limit Rules Should Be Based on a Finding of Necessity","authors":"H. Till","doi":"10.2139/ssrn.2641331","DOIUrl":"https://doi.org/10.2139/ssrn.2641331","url":null,"abstract":"One hopes that the CFTC will carefully consider how necessary and appropriate the imposition of speculative position limits is, across commodity markets. This article argues that before making such a finding, the agency should (a) review the empirical evidence on the causes of both commodity price volatility and price spikes and (b) study how market participants have learned and responded to the Global Financial Crisis of five years ago.","PeriodicalId":12584,"journal":{"name":"Global Commodity Issues eJournal","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2013-05-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79340171","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Funding the Australian Resources Investment Boom","authors":"Ivailo Arsov, Ben Shanahan, T. Williams","doi":"10.2139/ssrn.3496110","DOIUrl":"https://doi.org/10.2139/ssrn.3496110","url":null,"abstract":"Investment by the Australian resources sector has risen steadily since the early 2000s to be at record levels. Most of the investment has been made by publicly listed companies, with contributions split evenly between Australian and foreign listed companies. The funding for this investment has overwhelmingly come from the profits generated by these companies. External funding sources, such as new debt and equity issuance, have played only a limited role.","PeriodicalId":12584,"journal":{"name":"Global Commodity Issues eJournal","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2013-03-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75929568","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Strategic Use of Private Quality Standards in Food Supply Chains","authors":"Vanessa von Schlippenbach, I. Teichmann","doi":"10.1093/ajae/aas070","DOIUrl":"https://doi.org/10.1093/ajae/aas070","url":null,"abstract":"We explore the strategic role of private quality standards in food supply chains. Considering two symmetric retailers that are exclusively supplied by a finite number of producers and endogenizing the suppliers' delivery choice, we show that there exist two asymmetric equilibria in the retailers' quality requirements. Our results reveal that the retailers use private quality standards to improve their bargaining position in the intermediate goods market. This is associated with inefficiencies in the upstream production, which can be mitigated by enforcing a minimum quality standard.","PeriodicalId":12584,"journal":{"name":"Global Commodity Issues eJournal","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2011-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75197846","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Asymmetric Effect of Oil Price Shocks on Stock Markets","authors":"Hamed Markazi Moghadam","doi":"10.2139/ssrn.2787019","DOIUrl":"https://doi.org/10.2139/ssrn.2787019","url":null,"abstract":"In this study, we investigate the relationship between stock market price and crude oil market price using Multivariate GARCH type model. We use daily frequency data of stock price indices S&P500 and NASDAQ composite and the prices of one major Crude Oil products, defined as the US price of West Texas Intermediate Cushing (WTI). Our findings provide strong evidence of asymmetries for both NASDAQ and S&P500 price indices; stock market prices rise faster, than they fall, as a reaction to changes in oil prices, after controlling for volatility and price dynamics in a multivariate GARCH context. In other words, adjustment in mean equations is faster in the presence of positive shocks. In addition, we find that volatility shocks are quite persistent and they will have long memory. This study distinguishes itself from the previous studies within the oil and financial literature by not only examining the asymmetric effects of oil prices on stock returns but also applying multivariate GARCH approach in this literature, whilst others use univariate GARCH structure.","PeriodicalId":12584,"journal":{"name":"Global Commodity Issues eJournal","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2010-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74128931","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}