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International Commodity Market Modelling - Advances in Methodology and Applications (Hardcover, New)
Loot Price: R3,243
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International Commodity Market Modelling - Advances in Methodology and Applications (Hardcover, New)
Series: International studies in economic studies
Expected to ship within 10 - 15 working days
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Part of a series, this volume comprises a selection of
methodology-oriented papers presented at the 25th International
Conference of the Applied Econometrics Association on International
Commodity Market Modelling which took place at the World Bank,
Washington, 1988. Economic and statistical analyses are obviously
of great importance in studying commodity markets. A deep knowledge
of market-clearing processes, the institutional structures of the
industries related to each commodity market whether on the supply
or demand side and the statistical methods of data handling for
inference purposes are all needed in order to make good sense of
the wealth of information on commodity market data. In addition, a
technological understanding of the economic processes underlying
each market is necessary. The agronomy of crop production, the
techniques of crop distribution from harvest to end-use, the
contributions of meteorology, the engineering of metallurgy, the
engineering of processing factories, the combating of oil spills,
the control of pollution and many other technological aspects of
the different markets are essential for a good understanding of the
forces at work in each case. Also legal and political factors play
roles in the markets and require some specialized knowledge of
their effects. Almost every market is different and so a
specialized technological background is required, but that adds
much substance to the research. By fitting together appropriate
cross-disciplinary bodies of information in commodity market
studies, a high degree of interest and analytical challenge can be
attained.
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