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John E. Tilton - One of the best experts on this subject based on the ideXlab platform.
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the real real Price of nonrenewable resources copper 1870 2000
World Development, 2006Co-Authors: Peter Svedberg, John E. TiltonAbstract:Over the past 40 years economists have devoted considerable effort to estimating long-run trends in real commodity Prices. The results indicate that the real Prices for many commodities have fallen, suggesting to the surprise of many that resource scarcity is declining over time. Almost all of this work, however, uses the U.S. Producer Price Index or other standard Price deflators, which recent research shows overestimate inflation for several reasons. This article examines copper Prices with adjusted deflators designed to eliminate this bias. It finds that the trend over time, which is significantly downward when no adjustment is made to the deflator, displays no tendency in either direction or is significantly upward depending on the magnitude of the deflator adjustment employed. These findings suggest that real resources Prices provide less support than widely assumed for the hypothesis that resources are becoming more available or less scarce over time.
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The real, real Price of nonrenewable resources: copper 1870–2000
World Development, 2006Co-Authors: Peter Svedberg, John E. TiltonAbstract:Summary Over the past 40 years, economists have devoted considerable effort to estimating long-run trends in commodity Prices. The results indicate that the real Prices for many commodities have fallen, suggesting to the surprise of many that resource scarcity is declining over time. Almost all of this work, however, uses the US Producer Price Index or other standard Price deflators, which recent research shows overestimate inflation for several reasons. This article examines copper Prices with adjusted deflators designed to eliminate this bias. It finds that the trend over time, which is significantly downward when no adjustment is made to the deflator, displays no tendency in either direction or is significantly upward depending on the magnitude of the deflator adjustment employed. These findings suggest that real resource Prices provide less support than widely assumed for the hypothesis that resources are becoming more available or less scarce over time.
Peter Svedberg - One of the best experts on this subject based on the ideXlab platform.
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the real real Price of nonrenewable resources copper 1870 2000
World Development, 2006Co-Authors: Peter Svedberg, John E. TiltonAbstract:Over the past 40 years economists have devoted considerable effort to estimating long-run trends in real commodity Prices. The results indicate that the real Prices for many commodities have fallen, suggesting to the surprise of many that resource scarcity is declining over time. Almost all of this work, however, uses the U.S. Producer Price Index or other standard Price deflators, which recent research shows overestimate inflation for several reasons. This article examines copper Prices with adjusted deflators designed to eliminate this bias. It finds that the trend over time, which is significantly downward when no adjustment is made to the deflator, displays no tendency in either direction or is significantly upward depending on the magnitude of the deflator adjustment employed. These findings suggest that real resources Prices provide less support than widely assumed for the hypothesis that resources are becoming more available or less scarce over time.
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The real, real Price of nonrenewable resources: copper 1870–2000
World Development, 2006Co-Authors: Peter Svedberg, John E. TiltonAbstract:Summary Over the past 40 years, economists have devoted considerable effort to estimating long-run trends in commodity Prices. The results indicate that the real Prices for many commodities have fallen, suggesting to the surprise of many that resource scarcity is declining over time. Almost all of this work, however, uses the US Producer Price Index or other standard Price deflators, which recent research shows overestimate inflation for several reasons. This article examines copper Prices with adjusted deflators designed to eliminate this bias. It finds that the trend over time, which is significantly downward when no adjustment is made to the deflator, displays no tendency in either direction or is significantly upward depending on the magnitude of the deflator adjustment employed. These findings suggest that real resource Prices provide less support than widely assumed for the hypothesis that resources are becoming more available or less scarce over time.
Conde Guzmán Jonas - One of the best experts on this subject based on the ideXlab platform.
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Relación entre el índice de precios al consumidor y el índice de precios al productor para seis países de Suramérica
'Universidad Pedagogica y Tecnologica de Colombia', 2018Co-Authors: Cerquera Losada, Oscar Hernán, Murcia Arias, Juan Pablo, Conde Guzmán JonasAbstract:This paper analyzes the relationship between the consumer Price Index and the Producer Price Index for six South American countries Brazil, Colombia, Ecuador, Peru, Paraguay and Uruguay. To determine this relationship we estimated an autoregressive vector model or a model of error correction vectors, depending on the level of integration of the two variables for each country. In addition, the impulse response analysis was performed, and the Toda and Yamamoto causality test was developed. The periodicity of the data varies for each country, as it depends on the availability of the information. Three VAR models (Brazil, Peru and Uruguay) and three VEC models were applied (Colombia, Ecuador and Paraguay) the estimated VAR models, is that in the impulse response function, after a shock of the CPI and / or the PPI on the other variable and on itself, the effects disappear in time and the variables return to their original values. In the VEC model on the other hand, after a shock of the CPI and / or the PPI on the other variable and on itself, the effects do not disappear in time, and therefore the variables present permanent changes in the time.Este trabajo analiza la relación entre el índice de precios al consumidor y el índice de precios al productor para seis países de Suramérica, Brasil, Colombia, Ecuador, Perú, Paraguay y Uruguay. Para determinar esta relación se estimaron modelos de vectores autorregresivos y modelos de vectores de corrección de error. Además, se realizó el análisis de impulso respuesta, y se desarrolló la prueba de causalidad de Toda y Yamamoto. La periodicidad de los datos es anual, y el periodo de tiempo varía para cada país, debido a la disponibilidad de la información. De acuerdo con las características de las variables, se estimaron tres modelos VAR y tres modelos VEC. Tanto el IPC como el IPP tienen diferentes enfoques en términos de composición para cada país. A pesar de esto, se observa que ambos indicadores muestran sensibilidad a los shocks repentinos tanto en sí mismos como en la otra variable, efecto que varía según las características de cada país. En Brasil, Colombia, Ecuador y Uruguay no se presente causalidad entre las dos variables, caso contrario al de Perú y Paraguay.
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Relação entre o índice de preços ao consumidor e índice de preços ao produtor por seis países sul-americanos
'Universidad Pedagogica y Tecnologica de Colombia', 2018Co-Authors: Cerquera Losada, Oscar Hernán, Murcia Arias, Juan Pablo, Conde Guzmán JonasAbstract:1 recurso en línea (páginas 39-74).Este trabajo analiza la relación entre el índice de precios al consumidor y el índice de precios al productor para seis países de Suramérica: Brasil, Colombia, Ecuador, Perú, Paraguay y Uruguay. Para determinar esta relación se estimaron modelos de vectores autorregresivos y modelos de vectores de corrección de error. Además se hizo el análisis de impulso respuesta, y se desarrolló la prueba de causalidad de Toda y Yamamoto. La periodicidad de los datos es anual, y el periodo de tiempo varía para cada país, debido a la disponibilidad de la información. De acuerdo con las características de las variables, se estimaron tres modelos VAR y tres modelos VEC. A pesar de esto, se observa que ambos indicadores muestran sensibilidad a los shocks repentinos, tanto en sí mismos como en la otra variable, efecto que varía según las características de cada país. En Brasil, Colombia, Ecuador y Uruguay no se presenta causalidad entre las dos variables, caso contrario al de Perú y Paraguay.This paper analyzes the relationship between the consumer Price Index and the Producer Price Index for six countries in South America: Brazil, Colombia, Ecuador, Peru, Paraguay and Uruguay. To determine this relationship autoregressive vector models and error correction vector models were estimated. In addition, the impulse response analysis was performed, and the Toda and Yamamoto causality test was applied. The data’s periodicity is annual, and the period of time varies for each country, due to the availability of information. According to the characteristics of the variables, three VAR models and three VEC models were estimated. Despite this, it is observed that both indicators show sensitivity to sudden shocks both in themselves as in the other variable, effect that varies according to the characteristics of each country. In Brazil, Colombia, Ecuador and Uruguay, there is no causality between the two variables, contrary to Peru and Paraguay.Este artigo analisa a relação entre o índice de preços índice de preços ao consumidor e produtor por seis países da América do Sul, Brasil, Colômbia, Equador, Peru, Paraguai e Uruguai. Para determinar esse vetor relacionamento modelos Autorregressivos e modelos vetores de correção de erros foram estimados. Além disso, a análise de resposta de impulso foi realizado, e teste de causalidade Toda e Yamamoto desenvolvido. A periodicidade dos dados é anual, e o período de tempo varia para cada país, devido à disponibilidade das informações. De acordo com as características das variáveis, foram estimados três modelos VAR e três modelos VEC. Apesar disso, observa-se que ambos os indicadores apresentam sensibilidade a choques repentinos tanto em si quanto na outra variável, efeito que varia de acordo com as características de cada país. No Brasil, Colômbia, Equador e Uruguai não há causalidade entre as duas variáveis, ao contrário do Peru e do Paraguai.Bibliografía y webgrafía: páginas 67-68.Artículo de investigaciónCódigo de clasificación de Journal of Economic Literature (JEL): B23, C01, C3, C52, E31
Ian Richardson - One of the best experts on this subject based on the ideXlab platform.
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services Producer Price Index experimental fourth quarter 2008
Economic and Labour Market Review, 2009Co-Authors: Ian RichardsonAbstract:The experimental Services Producer Price Index (SPPI) measures movements in Prices charged for services supplied by businesses to other businesses, local and national government. This article shows the effects some industries are having on the top-level SPPI. The data produced are used internally by the Office for National Statistics as a deflator for the Index of Services and the quarterly measurement of gross domestic product. The Index is also used by HM Treasury and the Bank of England to help monitor inflation in the economy. Economic & Labour Market Review (2009) 3, 60–62; doi:10.1057/elmr.2009.61
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services Producer Price Index experimental third quarter 2008
Economic and Labour Market Review, 2009Co-Authors: Ian RichardsonAbstract:Illustrates the effects some industries are having on the aggregate indicator measuring movements in Prices charged for servicesThe experimental services Producer Price Index (SPPI) measures movements in Prices charged for services supplied by businesses to other businesses, local and national government. This article shows the effects some industries are having on the top-level SPPI. The data produced are used internally by the Offi ce for National Statistics as a defl ator for the Index of Services and the quarterly measurement of gross domestic product. The Index is also used by HM Treasury and the Bank of England to help monitor infl ation in the economy. The SPPI release has been rebased and re-referenced onto2005=100. This process takes place every five years. Economic & Labour Market Review (2009) 3, 74–76; doi:10.1057/elmr.2009.12
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services Producer Price Index experimental second quarter 2008
Economic and Labour Market Review, 2008Co-Authors: Ian RichardsonAbstract:Illustrates the effect some industries are having on the aggregate indicator measuring movements in Prices charged for servicesThis article shows the effects someindustries are having on the top-levelexperimental services Producer PriceIndex (SPPI). It continues the quarterlyfeature previously published in EconomicTrends. The SPPI measures movementsin Prices charged for services suppliedby businesses to other businesses and tolocal and national government. The dataproduced are used internally by the Offi cefor National Statistics as a defl ator forthe Index of Services and the quarterlymeasurement of gross domestic product.The Index is also used by HM Treasuryand the Bank of England to help monitorinfl ation in the economy. Economic & Labour Market Review (2008) 2, 57–59; doi:10.1057/elmr.2008.156
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services Producer Price Index experimental first quarter 2008
Economic and Labour Market Review, 2008Co-Authors: Ian RichardsonAbstract:Illustrates the effects some industries are having on the aggregate indicator measuring movements in Prices charged for servicesThis article shows the effects some industries are having on the top-level experimental services Producer Price Index (SPPI). It continues the quarterly feature previously published in Economic Trends. The SPPI measures movements in Prices charged for services supplied by businesses to other businesses and to local and national government. The data produced are used internally by the Office for National Statistics as a deflator for the Index of Services and the quarterly measurement of gross domestic product. The SPPI is also used by HM Treasury and the Bank of England to help monitor inflation in the economy. Economic & Labour Market Review (2008) 2, 61ndash;63; doi:10.1057/elmr.2008.108
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services Producer Price Index experimental fourth quarter 2007
Economic and Labour Market Review, 2008Co-Authors: Ian RichardsonAbstract:Illustrates the effects some industries are having on the aggregate indicator measuring movements in Prices charged for servicesThe experimental services Producer Price Index (SPPI) measures movements in Prices charged for services supplied by businesses to other businesses, and to local and national government. This article shows the effects some industries are having on the top-level SPPI. It continues the quarterly feature previously published in Economic Trends. The data produced are used internally by the Office for National Statistics as a deflator for the Index of Services and the quarterly measurement of gross domestic product. The Index is also used by HM Treasury and the Bank of England to help monitor inflation in the economy. Economic & Labour Market Review (2008) 2, 54–56; doi:10.1057/elmr.2008.59
Cong Zhao - One of the best experts on this subject based on the ideXlab platform.
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time varying effects of international copper Price shocks on china s Producer Price Index
Resources Policy, 2019Co-Authors: Fenghua Wen, Cong ZhaoAbstract:Abstract As China becomes the largest international copper importer, we hypothesize that international copper Price shocks affect China's Producer Price Index (PPI). To test the hypothesis, we rely on a time-varying parameter structural vector autoregression with stochastic volatility (TVP-SVAR-SV) model to analyze the impact of the copper Price shock, which is categorized into copper supply shock, aggregate demand shock and copper-specific demand shock. Our results indicate that the impact of international copper Price shocks on China's PPI is time-varying. Copper Price shocks significantly affect China's PPI over the short and medium terms and the aggregate demand shock displays the most. Also, copper Price shocks show greater impact on the production materials PPI than on the living materials PPI.