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Price series that are 21.5 years long for six agricultural futures markets, corn, soybeans, wheat, hogs, coffee and … together, the remaining five price series are found to be chaotic processes. …
Persistent link: https://www.econbiz.de/10005413057
). Cointegration tests are used and an error correction model is developed in order to examine the relationship between price movements … of its price discovery mechanism has been motivated by the existing paucity of similar research in such newly established … their price discovery. …
Persistent link: https://www.econbiz.de/10005413199
implications of their possible inflationary effects for the targets of 2001-2002 program. He concludes that oil-product price …-oil prices. However, the accumulating inflationary pressures that stem from oil-price and exchange-rate increases may cause a …
Persistent link: https://www.econbiz.de/10005412705
This paper is intended to give some alternative positive suggestion on how to cope with the must of the cutting off the oil subsidy domestically. The problem that faced by the government is that the compensation fund will hardly enjoyed by the poor, and moreover it is hard to watch out the whole...
Persistent link: https://www.econbiz.de/10005412627
predictions. We apply developed models to test whether the dynamics of oil price can be well approximated by the Krugman’s target …
Persistent link: https://www.econbiz.de/10005119119
This paper constructs long-term forecasts of energy prices using a reduced form model of shifting trend developed by Pindyck (1999). A Gibbs sampling algorithm is developed to estimate models with a shifting trend line which are used to construct 10-period-ahead and 15-period ahead forecasts. An...
Persistent link: https://www.econbiz.de/10005119203
Questo articolo indaga sulla reale portata dell'analisi di Marx, basata in maniera fondamentale sulla propria teoria del valore e del plusvalore. L'idea innovativa dell'articolo consiste nel mostrare come sia possibile capire realmente l'analisi della teoria del valore di Marx, partendo da Marx...
Persistent link: https://www.econbiz.de/10005076659
This book focuses on general theory of price. Price, wage, interest rate, GNP and exchange rate, five factors, are very … political life directly, a functional value, price and wage described by a relatively abstract mathematic sum in place of amount … in their country or region and to analyze the relationship of growth and decline among price, wage, interest rate and GNP …
Persistent link: https://www.econbiz.de/10005126369
respond in such a way that the price approaches, in a very short time, the marginal cost. For the remaining stages, but the …, based on higher Cournot's profits than Stackelberg's profits. Keywords: Duopoly, Durable, Price, Profit. …
Persistent link: https://www.econbiz.de/10005135030
Prevailing trade theory is a neglected stepchild of economics. Micro rejects the sole reason for trade’s occurrence. It declares zero profit in equilibrium. Monetary theory and macroeconomics dismiss concerns of trade financing. They assert that money has nothing to do with traded output, but...
Persistent link: https://www.econbiz.de/10005408069