International Commodity Market Models advances in methodology and applications

Guvenen, Orhan, editor

ISBN 10: 0412356902 / ISBN 13: 9780412356902

Published by Chapman and Hall, 1991

Hardcover; No marks or writing, clean tight; NOT ex library; glossy cover with blk lettering; very minor spine; seems new;; Papers from 25th international conf of applied econometerics assoc on international commodity market modelling; ; 330 pages. Seller Inventory # 6082

Synopsis:

Part of a series, this volume comprises a selection of methodology-oriented papers presented at the 25th International Conference of the Applied Econometrics Association on International Commodity Market Modelling which took place at the World Bank, Washington, 1988. Economic and statistical analyses are obviously of great importance in studying commodity markets. A deep knowledge of market-clearing processes, the institutional structures of the industries related to each commodity market whether on the supply or demand side and the statistical methods of data handling for inference purposes are all needed in order to make good sense of the wealth of information on commodity market data. In addition, a technological understanding of the economic processes underlying each market is necessary. The agronomy of crop production, the techniques of crop distribution from harvest to end-use, the contributions of meteorology, the engineering of metallurgy, the engineering of processing factories, the combating of oil spills, the control of pollution and many other technological aspects of the different markets are essential for a good understanding of the forces at work in each case. Also legal and political factors play roles in the markets and require some specialized knowledge of their effects. Almost every market is different and so a specialized technological background is required, but that adds much substance to the research. By fitting together appropriate cross-disciplinary bodies of information in commodity market studies, a high degree of interest and analytical challenge can be attained.

Review: ... reflects the new concerns of economists, mineral-commodity modellers, and industry-commodity specialists ... useful for focusing our attention on this important subject.' Resources Policy

Bibliographic Details

Title: International Commodity Market Models ...
Publisher: Chapman and Hall
Publication Date: 1991
Binding: Hardcover
Condition: Very Good binding edge wear
Dust Jacket Condition: No Dust Jacket
Edition: First Edition.