Empirical evidence indicates that high oil price volatility has a dampening effect on output in countries that import commodities. Many countries, however, gain important revenues from commodity exports. This paper investigates the output effects of commodity price volatility in commodity...

In spite of the growth of population and the inevitable push towards better living conditions which must involve a growing demand for industrial materials, there seems little justification for fears of scarcities of materials, apart of course from the temporary scarcities and temporary high...

Following the abatement of the boom market during the early months of 1983, the coming months will see an “adjustment” of world market prices for industrial raw materials to “fundamental” market conditions. Price fluctuations are likely during this period. A gradual increase in demand...