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Patterns in World Metals Prices

Author

Listed:
  • Mei-Hsiu Chen

    (Business School, University of Western Australia)

  • Kenneth W Clements

    (Business School, University of Western Australia)

Abstract

This paper uses a descriptive statistical approach to identify longer-term patterns, or empirical regularities, in the prices of 16 prominent metals from 1950 to 2010. We also examine some related aspects of the behaviour of the corresponding volumes. Our approach is to summarise the data in the form of price and volume indexes and comparison matrices that provide a convenient way of making pairwise comparisons of different metals. Finally, we also present some evidence on the sensitivity of metal prices to variations in supplies.

Suggested Citation

  • Mei-Hsiu Chen & Kenneth W Clements, 2012. "Patterns in World Metals Prices," Economics Discussion / Working Papers 12-08, The University of Western Australia, Department of Economics.
    • Handle: RePEc:uwa:wpaper:12-08
    as

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    File URL: https://www.business.uwa.edu.au/__data/assets/pdf_file/0008/2157920/12-08-Patterns-in-World-Metals-Prices.pdf
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    References listed on IDEAS

    as
    1. Kenneth W. Clements & Izan H. Y. Izan, 2012. "The pay parity matrix - a tool for analysing the structure of pay," Applied Economics, Taylor & Francis Journals, vol. 44(34), pages 4515-4525, December.
    2. repec:taf:applec:44:y:2012:i:34:p:4515-4525 is not listed on IDEAS
    3. Clements, Kenneth W. & Nguyen, Phuong, 1981. "Inflation and relative prices : A system-wide approach," Economics Letters, Elsevier, vol. 7(2), pages 131-137.
    4. Balk, B. M., 1978. "Inflation and its variability : Some comments and the Dutch case," Economics Letters, Elsevier, vol. 1(4), pages 357-360.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. S. Maria Immanuvel & D. Lazar, 2023. "Does Information Spillover and Leverage Effect Exist in World Gold Markets?," Global Business Review, International Management Institute, vol. 24(3), pages 475-487, June.

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