Author: Cerda, Rodrigo A.

Source: Applied Economics Letters, Volume 14, Number 10, August 2007 , pp. 775-778(4)

Publisher: Routledge, part of the Taylor & Francis Group

Abstract:

This study identifies the economic fundamentals of the evolution of copper price. Its main hypothesis is that copper price is mainly determined by the evolution of demand of countries with large market power on that market. The novelty is that nominal exchange rates are one of the fundamentals of market power. Monthly data are used ranging from 1994 to 2003 and by means of a cointegration analysis; it is found that the Asian bloc significantly affects the price of this tradable good.

Document Type: Research article

DOI: http://dx.doi.org/10.1080/13504850601058508

Affiliations: 1: Department of Economics, Pontificia Universidad Católica de Chile, Chile

Publication date: 2007-08-01

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