Commodities最新文献

筛选
英文 中文
Financial Market Stress and Commodity Returns: A Dynamic Approach 金融市场压力与商品回报:动态方法
Commodities Pub Date : 2024-01-24 DOI: 10.3390/commodities3010004
Ramesh Adhikari, Kyle J. Putnam
{"title":"Financial Market Stress and Commodity Returns: A Dynamic Approach","authors":"Ramesh Adhikari, Kyle J. Putnam","doi":"10.3390/commodities3010004","DOIUrl":"https://doi.org/10.3390/commodities3010004","url":null,"abstract":"This paper examines the relationship between commodity index returns and the Office of Financial Research Financial Stress Index (OFR FSI). Utilizing the S&P GSCI and its five sub-indices (agriculture, livestock, energy, industrial metals, and precious metals), we find that the causal relationship between financial market stress and commodity index returns is conditional on the sample period examined and the methodology employed. We also note that stress in financial markets has a negative relationship with commodity index returns during low commodity return states; however, during high commodity return states, financial market stress exhibits a positive relationship with commodity index returns. Our findings highlight the importance of considering a time-varying framework for analyzing commodity return dynamics.","PeriodicalId":377639,"journal":{"name":"Commodities","volume":"93 4","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139601661","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}
引用次数: 0
Navigating the Complex Landscape of Economic Research Concerning Commodities 驾驭商品经济研究的复杂局面
Commodities Pub Date : 2024-01-11 DOI: 10.3390/commodities3010003
Jungho Baek
{"title":"Navigating the Complex Landscape of Economic Research Concerning Commodities","authors":"Jungho Baek","doi":"10.3390/commodities3010003","DOIUrl":"https://doi.org/10.3390/commodities3010003","url":null,"abstract":"As we delve into the realm of economic research concerning commodities, it becomes increasingly evident that the contemporary world is marked by constant change and evolving dynamics [...]","PeriodicalId":377639,"journal":{"name":"Commodities","volume":" 11","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139625822","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}
引用次数: 0
Innovation and Drivers of Productivity: A Global Analysis of Selected Critical Minerals 创新与生产力驱动因素:对部分关键矿产的全球分析
Commodities Pub Date : 2023-11-24 DOI: 10.3390/commodities2040024
Shabbir Ahmad
{"title":"Innovation and Drivers of Productivity: A Global Analysis of Selected Critical Minerals","authors":"Shabbir Ahmad","doi":"10.3390/commodities2040024","DOIUrl":"https://doi.org/10.3390/commodities2040024","url":null,"abstract":"Innovation and technology are important tools for delivering efficiency and productivity improvement in the minerals sector. The uptake of technologies has proven to be an important lever for increasing the productivity of the mining sector. This paper provides a comprehensive analysis of mine-level productivity using global data of copper, gold, and platinum from 1991 to 2020. Various drivers of productivity have been analysed to draw policy insights. Empirical findings reveal significant disparities in terms of technical efficiency and productivity across mines and regions. The further decomposition of total factor productivity (TFP) into its different components suggests that the adoption of innovative practices and investment in technology adoption could improve the overall productivity of these commodities sectors. Our findings also suggest that an appropriate input mix and optimal scale of production could boost platinum mining productivity. Regional disparities in the productivity of different commodities sectors (e.g., South Africa vs. Zimbabwe) give policymakers insights into how to support production scale and productivity through appropriate input mixes.","PeriodicalId":377639,"journal":{"name":"Commodities","volume":"6 18","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-11-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139240235","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}
引用次数: 0
Advancing Safe Broiler Farming in Bangladesh: An Investigation of Management Practices, Financial Profitability, and Consumer Perceptions 推进安全肉鸡养殖在孟加拉国:调查管理实践,财务盈利能力,和消费者的看法
Commodities Pub Date : 2023-09-08 DOI: 10.3390/commodities2030018
Mst Shanaz Akter, Md. Taj Uddin, A. R. Dhar
{"title":"Advancing Safe Broiler Farming in Bangladesh: An Investigation of Management Practices, Financial Profitability, and Consumer Perceptions","authors":"Mst Shanaz Akter, Md. Taj Uddin, A. R. Dhar","doi":"10.3390/commodities2030018","DOIUrl":"https://doi.org/10.3390/commodities2030018","url":null,"abstract":"This study examined the rearing and management methods, financial profitability, and consumer perceptions towards safe broiler production in Bangladesh. Employing stratified random sampling, 60 participants (30 farmers and 30 consumers) from two sub-districts in Mymensingh district were interviewed. A mix of descriptive, mathematical, and statistical approaches was used for data analysis and representation. This study identified key components of safe broiler management, including brooding, housing, feed and water management, lighting, litter maintenance, medication and vaccination, and biosecurity and hygiene control. A benefit–cost of 1.40 obtained from profitability analysis indicated the profitability of safe broiler farming. Consumer awareness of safe broiler meat was assessed using the Likert scale, highlighting the significance of nutrition, packaging, freshness, taste, and natural ingredients in purchasing decisions. The Logit model revealed that factors such as meat size, freshness, taste, and family income significantly impacted consumer purchasing choices. The main challenges faced by safe broiler producers included high prices and limited availability of feed, day-old chicks, medicine and vaccines, and lack of knowledge. To ensure efficient safe broiler production in Bangladesh, this study recommends the implementation of stable input supplies, accessible credit, skill development, and infrastructure enhancement.","PeriodicalId":377639,"journal":{"name":"Commodities","volume":"39 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132558415","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}
引用次数: 0
Jet Fuel Price Risk and Proxy Hedging in Spot Markets: A Two-Tier Model Analysis 现货市场中航油价格风险与代理对冲:两层模型分析
Commodities Pub Date : 2023-08-31 DOI: 10.3390/commodities2030017
E. Samunderu
{"title":"Jet Fuel Price Risk and Proxy Hedging in Spot Markets: A Two-Tier Model Analysis","authors":"E. Samunderu","doi":"10.3390/commodities2030017","DOIUrl":"https://doi.org/10.3390/commodities2030017","url":null,"abstract":"This paper applies a two-tier model based on fuel hedging (model 1) and the testing of the impact of commodity risk on airline capacity forecasting, which is based on a system dynamics framework (model 2). Model 1 provides a comprehensive examination of the worldwide airline industry, including an analysis of the statistical impact of oil price fluctuations on the sector and the corresponding hedging strategies employed by airlines. This study examines a sample of North American and European airlines over a 10-year timeframe to assess the degree to which these airlines have engaged in kerosene hedging for future periods and the potential impact of such hedging on their corporate value and performance. In model 2, the author integrates a capacity-forecasting model within the system dynamics framework, drawing upon the theory of capacity forecasting. The study examines the impact of commodity risk by analysing the influence of fluctuations in the jet fuel spot price on the average airfare and its subsequent effects on other interdependent capacity variables. The hypotheses presented in this study were formulated based on a comprehensive review of the relevant literature and a causal feedback loop diagram. The diagram effectively depicts the dynamic interrelationships between capacity forecasting and risk variables. Furthermore, the diagram capturing causal feedback loops was transformed into a stock-flow diagram. This diagram was then utilised to evaluate the hypotheses that were derived using a dataset that pertains to the domestic airline market in the United States. The verification of the qualitative and quantitative models demonstrates the proven impact of commodity risk on capacity forecasting.","PeriodicalId":377639,"journal":{"name":"Commodities","volume":"107 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-08-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116453970","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}
引用次数: 0
Which Commodity Sectors Effectively Hedge Emerging Eastern European Stock Markets? Evidence from MGARCH Models 哪些大宗商品行业能有效对冲新兴东欧股市?MGARCH模型的证据
Commodities Pub Date : 2023-08-03 DOI: 10.3390/commodities2030016
A. Melki, Ahmed Ghorbel
{"title":"Which Commodity Sectors Effectively Hedge Emerging Eastern European Stock Markets? Evidence from MGARCH Models","authors":"A. Melki, Ahmed Ghorbel","doi":"10.3390/commodities2030016","DOIUrl":"https://doi.org/10.3390/commodities2030016","url":null,"abstract":"This study aims at examining whether hedging emerging Eastern Europe stock markets with commodities sectors can help in reducing market risks and whether it has the same effectiveness among different sectors. As an attempt to achieve this goal, we opt for three types of MGARCH model. These are DCC, ADCC and GO-GARCH, which are used with each bivariate series to model dynamic conditional correlations, optimal hedge ratios and hedging effectiveness. Rolling window analysis is used for out-of-sample one-step-ahead forecasts from December 1994 to June 2022. The results have shown that the commodities sectors of industrial metals and energy represent the optimal hedging instruments for emerging Eastern Europe stock markets as they have the highest hedging effectiveness. Additionally, our empirical results have proved that hedge ratios estimated by the DCC and ADCC models are very similar, which is not the case for GO-GARCH, and that hedging effectiveness is preferably estimated by the ADCC model.","PeriodicalId":377639,"journal":{"name":"Commodities","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-08-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114412750","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}
引用次数: 1
Assesing Climate Change Risk in the Mining Industry: A Case Study in the Copper Industry in the Antofagasta Region, Chile 采矿业气候变化风险评估:以智利安托法加斯塔地区铜矿行业为例
Commodities Pub Date : 2023-07-18 DOI: 10.3390/commodities2030015
J. I. del Rio, P. Fernández, Emilio Castillo, L. Orellana
{"title":"Assesing Climate Change Risk in the Mining Industry: A Case Study in the Copper Industry in the Antofagasta Region, Chile","authors":"J. I. del Rio, P. Fernández, Emilio Castillo, L. Orellana","doi":"10.3390/commodities2030015","DOIUrl":"https://doi.org/10.3390/commodities2030015","url":null,"abstract":"The challenges climate change poses require careful consideration and addressing within specific industries. In the mining context, climate change introduces potential limitations to the sustainable sourcing of minerals, thereby amplifying the criticality of several metals. However, most studies examining mineral criticality fail to assess the localized impacts of climate change, despite significant variations occurring at a relatively small scale. In this study, we propose a methodological approach for conducting a climate risk assessment in the mining industry, encompassing the identification of relevant hazards, vulnerabilities, and exposure specific to the sector. To illustrate the application of this approach, we utilize micro-level data for the Antofagasta region in Chile, a prominent mining cluster situated in a country projected to be profoundly affected by climate change. The findings of this study underscore the necessity for coordinated efforts in adaptation and climate resilience while offering a valuable tool for allocating resources to more vulnerable locations, thus strengthening the mineral supply chain.","PeriodicalId":377639,"journal":{"name":"Commodities","volume":"45 5","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-07-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"120909181","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}
引用次数: 1
Evaluation of the Quality of Raspberries (Rubus idaeus L.) Grown in Balanced Fertilization Conditions 覆盆子(Rubus ideaeus L.)品质评价在平衡施肥条件下生长
Commodities Pub Date : 2023-07-11 DOI: 10.3390/commodities2030014
B. Sawicka, P. Barbaś, D. Skiba, B. Krochmal-Marczak, P. Pszczółkowski
{"title":"Evaluation of the Quality of Raspberries (Rubus idaeus L.) Grown in Balanced Fertilization Conditions","authors":"B. Sawicka, P. Barbaś, D. Skiba, B. Krochmal-Marczak, P. Pszczółkowski","doi":"10.3390/commodities2030014","DOIUrl":"https://doi.org/10.3390/commodities2030014","url":null,"abstract":"(Background) Raspberry (R. idaeus L.) is very popular with consumers around the world for its intense flavor, attractive appearance, and health benefits. In recent years, interest in healthy eating and natural products has increased, and raspberry fits perfectly into these trends, which translates into its greater importance on the consumer market. (Aim) The aim of this study was the commodity evaluation of raspberry fruits bearing fruit on 2-year-old shoots, cultivated under conditions of varied nitrogen fertilization against the background of constant phosphorus-potassium fertilization. (Methodology) The first-order factors were cultivars (‘Laszka’ and ‘Glen Ample’), and the second-order factor was nitrogen fertilization (0, 50, 100, and 150 kg N ha−1), against the background of constant phosphorus-potassium fertilization (100 kg P2O5 and 120 kg K2O ha−1). The experiment was set up in a dependent split-plot design with three repetitions. (Results) The importance of raspberry on the consumer market was shaped by taste and quality of fruit, health benefits, naturalness and freshness, universality of use, availability, and nutritional trends. (Conclusions) The tested cultivars were characterized by similar production and quality capabilities. Fertilization of the tested cultivars with a dose of 135 kg N·ha−1 turned out to be justified in terms of yield. Increasing nitrogen doses resulted in a significant increase in fresh fruit yield and fruit weight. Different doses of nitrogen increased fruit resistance to mechanical damage, firmness, and quality indices.","PeriodicalId":377639,"journal":{"name":"Commodities","volume":"29 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-07-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125098205","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}
引用次数: 0
Market Connectedness and Volatility Spillovers: A Meta-Literature Review 市场连通性与波动溢出:元文献回顾
Commodities Pub Date : 2023-06-27 DOI: 10.3390/commodities2030013
Kamesh Anand K, A. Mishra
{"title":"Market Connectedness and Volatility Spillovers: A Meta-Literature Review","authors":"Kamesh Anand K, A. Mishra","doi":"10.3390/commodities2030013","DOIUrl":"https://doi.org/10.3390/commodities2030013","url":null,"abstract":"Evaluation of market connectedness and asymmetric volatility spillover has recently seen a surge in financial risk analytics and portfolio diversification. We carried out a meta-literature review on connectedness and spillovers, providing solid insight into the research field and robust guidelines for future investigation. The review consists of a quantitative bibliometric analysis of 594 papers and a qualitative content analysis of 77 papers covering 1991 to 2021. The results of the meta-citation analysis show that Diebold’s Spillover index (2007) is the predominant method in most works as far as market connectedness and spillover are concerned. With an extensive review, we achieved the following objectives: (1) Analyze the most influential authors, journals, and publications. (2) Understand the research streams and most studied streams. (3) Understand the theme’s structure, thematic evolution, and keyword trends. (4) Examine the pattern of collaboration and most productive affiliations. (5) Explore future research directions and untapped areas. The content analysis revealed the following important research streams in the current literature: (1) Asymmetries in market connectedness. (2) Influence of macro factors in market connectedness and spillover. (3) The role of oil in market spillovers and hedging portfolios. (4) Dynamic cross-market connectedness and spillovers. Our study is the first to employ a meta-review to assess the domain of market connectedness; thus, our work will significantly contribute to macroeconomic policymakers, researchers and hedging investors.","PeriodicalId":377639,"journal":{"name":"Commodities","volume":"126 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-06-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133189024","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}
引用次数: 0
Oil Prices, World Trade Policy Uncertainty, and the Trade Balance: The Case of Korea 油价、世界贸易政策的不确定性和贸易平衡:以韩国为例
Commodities Pub Date : 2023-06-26 DOI: 10.3390/commodities2030012
Jungho Baek
{"title":"Oil Prices, World Trade Policy Uncertainty, and the Trade Balance: The Case of Korea","authors":"Jungho Baek","doi":"10.3390/commodities2030012","DOIUrl":"https://doi.org/10.3390/commodities2030012","url":null,"abstract":"This article studies the asymmetric effects that the price of crude oil has on Korean exports to and imports from its largest partners—China, the U.S., and Japan—controlling for world trade policy uncertainty. The results support the evidence of the long-run asymmetry of oil prices for Korea’s exports to Japan, and imports from China and Japan. However, there is no evidence of the short-run asymmetry of oil prices. Finally, world trade policy uncertainty appears to be more important for determining Korea’s bilateral trade in the short run than in the long run.","PeriodicalId":377639,"journal":{"name":"Commodities","volume":"2 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-06-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128774485","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}
引用次数: 0
0
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
提示
您的信息不完整,为了账户安全,请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
确定
请完成安全验证×
相关产品
×
本文献相关产品
联系我们:info@booksci.cn Book学术提供免费学术资源搜索服务,方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。 Copyright © 2023 布克学术 All rights reserved.
京ICP备2023020795号-1
ghs 京公网安备 11010802042870号
Book学术文献互助
Book学术文献互助群
群 号:604180095
Book学术官方微信