Commodities最新文献

Crude Oil Price Movements and Institutional Traders 原油价格走势与机构交易者

Commodities Pub Date : 2024-02-29 DOI: 10.3390/commodities3010006

Celso Brunetti, Jeffrey H. Harris, Bahattin Büyüksahin

引用次数: 0

Commodities Pub Date : 2023-12-20 DOI: 10.3390/commodities3010001

S. Gnangnon

{"title":"Trade-Related Government Expenditure and Developing Countries’ Participation in Global Value Chains","authors":"S. Gnangnon","doi":"10.3390/commodities3010001","DOIUrl":"https://doi.org/10.3390/commodities3010001","url":null,"abstract":"The effect of trade-related government expenditure on backward and forward participation in global value chains (GVCs) is at the heart of the present analysis. The latter builds on an unbalanced panel dataset of 74 developing countries over the annual period from 2005 to 2018. It has used several estimators, the primary one being the Quantile via Moments approach. The outcomes suggest that trade-related government expenditure exerts no significant effect on countries’ forward participation in GVCs. At the same time, countries located in the 20th to 90th quantiles experience a positive and significant effect of trade-related government expenditure on backward participation in GVCs, with the magnitude of this positive effect being larger for countries in the upper quantiles than for countries in the lower quantiles. The least integrated countries into the backward participation in GVCs (i.e., those in the 10th quantile) experience no significant effect of trade-related government expenditure on backward participation in GVCs. Interestingly, expenditure in favour of developing economic infrastructure, and expenditure for enhancing productive capacities reinforce each other in positively affecting backward GVC participation by countries located in the upper quantiles (i.e., the 50th to 90th quantiles). However, the interaction between these two types of trade-related government expenditure does not influence countries’ forward participation in GVCs. These findings shed light on the importance of trade-related expenditure for enhancing developing countries’ participation in backward GVCs.","PeriodicalId":472361,"journal":{"name":"Commodities","volume":"87 12","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138957974","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

Time-Varying Impact of Commodity Prices on Output Growth and Inflation in the Eastern European Countries 商品价格对东欧国家产出增长和通货膨胀的时变影响

Commodities Pub Date : 2023-12-20 DOI: 10.3390/commodities3010002

R. Kopych, Viktor Shevchuk

{"title":"Time-Varying Impact of Commodity Prices on Output Growth and Inflation in the Eastern European Countries","authors":"R. Kopych, Viktor Shevchuk","doi":"10.3390/commodities3010002","DOIUrl":"https://doi.org/10.3390/commodities3010002","url":null,"abstract":"Using quarterly data for the 2002–2022 period, we estimate the output and inflation effects of several commodity prices (agricultural raw materials, crude oil, and metals) for 8 Eastern European countries with different exchange rate regimes. The Kalman filter is used for estimating the time-varying parameters. Our main findings can be summarized in the following way: (i) higher crude oil prices are inflationary in most of the countries (except Slovakia), with a stronger price effect since 2020; (ii) crude oil prices are neutral with respect to output growth in 4 out of 8 countries, with an expansionary effect in Croatia, Slovenia, and Romania, as well as a contractionary effect in Slovakia, but the crude oil shock of 2021–2022 seems to be expansionary in almost all countries (except Slovakia), regardless of the exchange rate regime practiced; (iii) inflation and output effects of metals prices are quite heterogeneous across countries; (iv) agricultural raw material prices play a role in both inflation and output growth only in Bulgaria and Poland. Since 2021, a growing inflationary impact of crude oil prices suggests a stronger monetary policy reaction to the oil shock, especially in the presence of its favorable output effect.","PeriodicalId":472361,"journal":{"name":"Commodities","volume":"18 4","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138956088","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

Modelling Risk for Commodities in Brazil: An Application for Live Cattle Spot and Futures Prices 巴西商品风险建模:活牛现货和期货价格的应用

Commodities Pub Date : 2023-11-08 DOI: 10.3390/commodities2040023

R. G. Alcoforado, W. Bernardino, A. D. Eg 'idio dos Reis, J. A. C. Santos

{"title":"Modelling Risk for Commodities in Brazil: An Application for Live Cattle Spot and Futures Prices","authors":"R. G. Alcoforado, W. Bernardino, A. D. Eg 'idio dos Reis, J. A. C. Santos","doi":"10.3390/commodities2040023","DOIUrl":"https://doi.org/10.3390/commodities2040023","url":null,"abstract":"This study analyses a series of live cattle spot and futures prices from the Boi Gordo Index (BGI) in Brazil. The objective is to develop a model that best portrays this commodity’s behaviour to estimate futures prices more accurately. The database created contains 2010 daily entries in which trade in futures contracts occurs, as well as BGI spot sales in the market, from 1 December 2006 to 30 April 2015. One of the most important reasons why this type of risk needs to be measured is to set loss limits. To identify patterns in price behaviour in order to improve future transaction results, investors must analyse fluctuations in asset values for longer periods. Bibliographic research reveals that no other study has conducted a comprehensive analysis of this commodity using this approach. Cattle ranching is big business in Brazil given that in 2021, this sector moved BRL 913.14 billion (USD 169.29 billion). In that year, agribusiness contributed 26.6% of Brazil’s total gross domestic product. Using the proposed risk modelling technique, economic agents can make the best decision about which options within these investors’ reach produce more effective risk management. The methodology is based on Holt–Winters exponential smoothing algorithm, autoregressive integrated moving-average (ARIMA), ARIMA with exogenous inputs, generalised autoregressive conditionally heteroskedastic and generalised autoregressive moving-average (GARMA) models. More specifically, five different methods are applied that allow a comparison of 12 different models as ways to portray and predict the BGI commodity behaviours. The results show that GARMA with order c(2,1) and without intercept is the best model. Investors equipped with such precise modelling insights stand at an advantageous position in the market, promoting informed investment decisions and optimising returns.","PeriodicalId":472361,"journal":{"name":"Commodities","volume":" 5","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-11-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135292690","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

Analyzing Risk Premiums in the Brazilian Power Market: A Quantitative Study 巴西电力市场风险溢价分析:一个定量研究

Commodities Pub Date : 2023-11-01 DOI: 10.3390/commodities2040022

Tarjei Kristiansen

引用次数: 0

Internet of Things for Crop Farming: A Review of Technologies and Applications 农作物种植物联网:技术与应用综述

Commodities Pub Date : 2023-10-07 DOI: 10.3390/commodities2040021

Leokadia N. P. Ndjuluwa, John A. Adebisi, Moammar Dayoub

引用次数: 1

Digital Gold or Digital Security? Unravelling the Legal Fabric of Decentralised Digital Assets 数字黄金还是数字安全?解开去中心化数字资产的法律结构

Commodities Pub Date : 2023-10-07 DOI: 10.3390/commodities2040020

Casey Watters

引用次数: 1

Appetite or Distaste for Cell-Based Seafood? An Examination of Japanese Consumer Attitudes 对细胞海鲜的胃口还是厌恶?日本消费者态度调查

Commodities Pub Date : 2023-10-03 DOI: 10.3390/commodities2040019

Pauline Dorothea Braun, Andrew Knight

{"title":"Appetite or Distaste for Cell-Based Seafood? An Examination of Japanese Consumer Attitudes","authors":"Pauline Dorothea Braun, Andrew Knight","doi":"10.3390/commodities2040019","DOIUrl":"https://doi.org/10.3390/commodities2040019","url":null,"abstract":"Conventional seafood production contributes to some of the most alarming global problems we face at present, such as the destabilization of aquatic ecosystems, human health risks, and serious concerns for the welfare of trillions of aquatic animals each year. The increasing global appetite for seafood necessitates the development of alternative production methods that meet consumer demand, while circumventing the aforementioned problems. Among such alternatives, cell-based seafood is a promising approach. For its production, cells are taken from live aquatic animals and are cultivated in growth media, thus making the rearing, catching, and slaughtering of a great number of animals redundant. In recent years, this alternative production method has transitioned from aspiration to reality, and several cell-based seafood start-ups are preparing to launch their products. Market success, however, has been reckoned to largely depend on consumer attitudes. So far, there has been little research exploring this within Asia, and none in Japan, which has one of the highest seafood consumption footprints per capita globally. The present study explores cell-based seafood-related knowledge, attitudes and behavioral intentions of Japanese consumers (n = 110) via a questionnaire-based, quantitative analysis. Although findings suggest low awareness of the concept of cell-based seafood, attitudes and intentions were positive overall, with about 70% of participants expressing an interest in tasting, and 60% expressing a general willingness to buy cell-based seafood. Younger age was significantly associated with more positive attitudes, while prior knowledge of cell-based seafood was strongly linked to willingness to pay a premium for cell-based products. While highlighting the need for information campaigns to educate Japanese consumers about cell-based seafood, this study’s findings suggest the Japanese market to be moderately ready for the launch of such products.","PeriodicalId":472361,"journal":{"name":"Commodities","volume":"34 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135740241","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

An Event Study of the Ethereum Transition to Proof-of-Stake 以太坊向权益证明过渡的事件研究

Commodities Pub Date : 2023-03-29 DOI: 10.3390/commodities2020006

Elie Kapengut, Bruce Mizrach

引用次数: 11

Climate Change and Grain Price Volatility: Empirical Evidence for Corn and Wheat 1971–2019 气候变化与粮食价格波动:1971-2019年玉米和小麦的经验证据

Commodities Pub Date : 2023-01-06 DOI: 10.3390/commodities2010001

Marie Steen, Olvar Bergland, Ole Gjølberg

引用次数: 0