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041 _afre
042 _adc
100 1 0 _aLabys, Walter C.
_eauthor
245 0 0 _aNew Directions in the Modeling and Forecasting of Commodity Markets
260 _c2003.
500 _a71
520 _aThis paper reviews the current state of economic and econometric research in the modeling of commodity markets and their role in economic development. The application of statistical methods to commodity markets and prices has been limited because of the erratic behavior of both prices and supplies over time. Nonetheless, a very rich field for modeling and forecasting has grown over time. This research began with the analysis of agricultural demand, supply, and prices in a market context and was later extended to the mineral and energy sectors. These models not only analyzed market history but also evaluated commodity policies and forecast commodity prices. This paper first provides a perspective on the current status of this research and then offers directions for future research.
690 _aCommodity models
690 _acommodity price forecasting
690 _acommodities and economic development
690 _aeconometric models
786 0 _nMondes en développement | o 122 | 2 | 2003-06-01 | p. 3-19 | 0302-3052
856 4 1 _uhttps://shs.cairn.info/journal-mondes-en-developpement-2003-2-page-3?lang=en
999 _c187875
_d187875