In 2007, the highly dynamic commodity markets had attracted new classes of participants such as algorithmic high-frequency traders; sophisticated product structurers; and Chinese entrepreneurs. This paper will briefly cover the market developments that brought in these new participants by...

We follow Schumpeter's approach to analyzing price movements as set out in Business Cycles. While Schumpeter emphasizes movements in prices of finished manufactured goods, our focus is on the real prices of primary commodities, which are measured by the price of particular commodities or an...

This paper analyses the evolution of innovation in the mining sector and how this innovation responds to the economic environment, in particular to changes in commodity prices. For this purpose, we combine commodity price data with innovation data as proxied by patent filings extracted from a...