Oil Spills On Other Commodities:
This paper examines the effect of crude oil prices on the prices of 35 internationally traded primary commodities for the 1960-2005 period. It finds that the pass-through of crude oil price changes to the overall non-energy commodity index is 0.16. At a more disaggregated level, the fertilizer index...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
The World Bank
2007
|
| Schlagworte: | |
| Online-Zugang: | BSB01 EUV01 HTW01 FHI01 IOS01 Volltext |
| Zusammenfassung: | This paper examines the effect of crude oil prices on the prices of 35 internationally traded primary commodities for the 1960-2005 period. It finds that the pass-through of crude oil price changes to the overall non-energy commodity index is 0.16. At a more disaggregated level, the fertilizer index had the highest pass-through (0.33), followed by agriculture (0.17), and metals (0.11). The prices of precious metals also exhibited a strong response to the crude oil price. In terms of individual commodities, the estimates of the food group exhibited remarkable similarity while those of raw materials and metals gave a mixed picture. The implication is that if crude oil prices remain high for some time, as most analysts expect, then the recent commodity price boom is likely to last much longer than earlier booms, at least for food commodities. The other commodities, however, are likely to follow diverging paths. On the methodological side, the results show that price indices, while providing useful summary statistics, need to be supplemented by individual commodity analysis |
| Beschreibung: | 1 Online-Ressource (26 Seiten)) |
Internformat
MARC
| LEADER | 00000nmm a22000001c 4500 | ||
|---|---|---|---|
| 001 | BV049074290 | ||
| 003 | DE-604 | ||
| 005 | 00000000000000.0 | ||
| 007 | cr|uuu---uuuuu | ||
| 008 | 230731s2007 xxu|||| o||u| ||||||eng d | ||
| 035 | |a (ZDB-1-WBA)093228848 | ||
| 035 | |a (OCoLC)1392149191 | ||
| 035 | |a (DE-599)GBVNLM005464994 | ||
| 040 | |a DE-604 |b ger | ||
| 041 | 0 | |a eng | |
| 044 | |a xxu |c XD-US | ||
| 049 | |a DE-12 |a DE-521 |a DE-573 |a DE-523 |a DE-Re13 | ||
| 100 | 1 | |a Baffes, John |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a Oil Spills On Other Commodities |c Baffes, John |
| 264 | 1 | |a Washington, D.C |b The World Bank |c 2007 | |
| 300 | |a 1 Online-Ressource (26 Seiten)) | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b c |2 rdamedia | ||
| 338 | |b cr |2 rdacarrier | ||
| 520 | 3 | |a This paper examines the effect of crude oil prices on the prices of 35 internationally traded primary commodities for the 1960-2005 period. It finds that the pass-through of crude oil price changes to the overall non-energy commodity index is 0.16. At a more disaggregated level, the fertilizer index had the highest pass-through (0.33), followed by agriculture (0.17), and metals (0.11). The prices of precious metals also exhibited a strong response to the crude oil price. In terms of individual commodities, the estimates of the food group exhibited remarkable similarity while those of raw materials and metals gave a mixed picture. The implication is that if crude oil prices remain high for some time, as most analysts expect, then the recent commodity price boom is likely to last much longer than earlier booms, at least for food commodities. The other commodities, however, are likely to follow diverging paths. On the methodological side, the results show that price indices, while providing useful summary statistics, need to be supplemented by individual commodity analysis | |
| 533 | |a Online-Ausg | ||
| 650 | 4 | |a Agricultural commodities | |
| 650 | 4 | |a Commodities | |
| 650 | 4 | |a Crude oil | |
| 650 | 4 | |a Crude oil price | |
| 650 | 4 | |a E-Business | |
| 650 | 4 | |a Emerging Markets | |
| 650 | 4 | |a Energy | |
| 650 | 4 | |a Energy Production and Transportation | |
| 650 | 4 | |a Fuel | |
| 650 | 4 | |a International Economics & Trade | |
| 650 | 4 | |a Macroeconomics and Economic Growth | |
| 650 | 4 | |a Markets and Market Access | |
| 650 | 4 | |a Oil | |
| 650 | 4 | |a Oil Spills | |
| 650 | 4 | |a Oil importing countries | |
| 650 | 4 | |a Oil prices | |
| 650 | 4 | |a Price of oil | |
| 650 | 4 | |a Private Sector Development | |
| 650 | 4 | |a Raw materials | |
| 700 | 1 | |a Baffes, John |e Sonstige |4 oth | |
| 776 | 0 | 8 | |i Baffes, John |a Oil Spills On Other Commodities |
| 856 | 4 | 0 | |u http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4333 |x Verlag |z URL des Erstveröffentlichers |3 Volltext |
| 912 | |a ZDB-1-WBA | ||
| 999 | |a oai:aleph.bib-bvb.de:BVB01-034336182 | ||
| 966 | e | |u http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4333 |l BSB01 |p ZDB-1-WBA |x Verlag |3 Volltext | |
| 966 | e | |u http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4333 |l EUV01 |p ZDB-1-WBA |x Verlag |3 Volltext | |
| 966 | e | |u http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4333 |l HTW01 |p ZDB-1-WBA |x Verlag |3 Volltext | |
| 966 | e | |u http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4333 |l FHI01 |p ZDB-1-WBA |x Verlag |3 Volltext | |
| 966 | e | |u http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4333 |l IOS01 |p ZDB-1-WBA |x Verlag |3 Volltext | |
Datensatz im Suchindex
| _version_ | 1804185391644803072 |
|---|---|
| adam_txt | |
| any_adam_object | |
| any_adam_object_boolean | |
| author | Baffes, John |
| author_facet | Baffes, John |
| author_role | aut |
| author_sort | Baffes, John |
| author_variant | j b jb |
| building | Verbundindex |
| bvnumber | BV049074290 |
| collection | ZDB-1-WBA |
| ctrlnum | (ZDB-1-WBA)093228848 (OCoLC)1392149191 (DE-599)GBVNLM005464994 |
| discipline | Wirtschaftswissenschaften |
| discipline_str_mv | Wirtschaftswissenschaften |
| format | Electronic eBook |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>03445nmm a22006251c 4500</leader><controlfield tag="001">BV049074290</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="005">00000000000000.0</controlfield><controlfield tag="007">cr|uuu---uuuuu</controlfield><controlfield tag="008">230731s2007 xxu|||| o||u| ||||||eng d</controlfield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(ZDB-1-WBA)093228848</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)1392149191</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)GBVNLM005464994</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="044" ind1=" " ind2=" "><subfield code="a">xxu</subfield><subfield code="c">XD-US</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-12</subfield><subfield code="a">DE-521</subfield><subfield code="a">DE-573</subfield><subfield code="a">DE-523</subfield><subfield code="a">DE-Re13</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Baffes, John</subfield><subfield code="e">Verfasser</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Oil Spills On Other Commodities</subfield><subfield code="c">Baffes, John</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Washington, D.C</subfield><subfield code="b">The World Bank</subfield><subfield code="c">2007</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 Online-Ressource (26 Seiten))</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="520" ind1="3" ind2=" "><subfield code="a">This paper examines the effect of crude oil prices on the prices of 35 internationally traded primary commodities for the 1960-2005 period. It finds that the pass-through of crude oil price changes to the overall non-energy commodity index is 0.16. At a more disaggregated level, the fertilizer index had the highest pass-through (0.33), followed by agriculture (0.17), and metals (0.11). The prices of precious metals also exhibited a strong response to the crude oil price. In terms of individual commodities, the estimates of the food group exhibited remarkable similarity while those of raw materials and metals gave a mixed picture. The implication is that if crude oil prices remain high for some time, as most analysts expect, then the recent commodity price boom is likely to last much longer than earlier booms, at least for food commodities. The other commodities, however, are likely to follow diverging paths. On the methodological side, the results show that price indices, while providing useful summary statistics, need to be supplemented by individual commodity analysis</subfield></datafield><datafield tag="533" ind1=" " ind2=" "><subfield code="a">Online-Ausg</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Agricultural commodities</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Commodities</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Crude oil</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Crude oil price</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">E-Business</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Emerging Markets</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Energy</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Energy Production and Transportation</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Fuel</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">International Economics & Trade</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Macroeconomics and Economic Growth</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Markets and Market Access</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Oil</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Oil Spills</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Oil importing countries</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Oil prices</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Price of oil</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Private Sector Development</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Raw materials</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Baffes, John</subfield><subfield code="e">Sonstige</subfield><subfield code="4">oth</subfield></datafield><datafield tag="776" ind1="0" ind2="8"><subfield code="i">Baffes, John</subfield><subfield code="a">Oil Spills On Other Commodities</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="u">http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4333</subfield><subfield code="x">Verlag</subfield><subfield code="z">URL des Erstveröffentlichers</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-1-WBA</subfield></datafield><datafield tag="999" ind1=" " ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-034336182</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4333</subfield><subfield code="l">BSB01</subfield><subfield code="p">ZDB-1-WBA</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4333</subfield><subfield code="l">EUV01</subfield><subfield code="p">ZDB-1-WBA</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4333</subfield><subfield code="l">HTW01</subfield><subfield code="p">ZDB-1-WBA</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4333</subfield><subfield code="l">FHI01</subfield><subfield code="p">ZDB-1-WBA</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4333</subfield><subfield code="l">IOS01</subfield><subfield code="p">ZDB-1-WBA</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield></record></collection> |
| id | DE-604.BV049074290 |
| illustrated | Not Illustrated |
| index_date | 2024-07-03T22:27:46Z |
| indexdate | 2024-07-10T09:54:29Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-034336182 |
| oclc_num | 1392149191 |
| open_access_boolean | |
| owner | DE-12 DE-521 DE-573 DE-523 DE-Re13 DE-BY-UBR |
| owner_facet | DE-12 DE-521 DE-573 DE-523 DE-Re13 DE-BY-UBR |
| physical | 1 Online-Ressource (26 Seiten)) |
| psigel | ZDB-1-WBA |
| publishDate | 2007 |
| publishDateSearch | 2007 |
| publishDateSort | 2007 |
| publisher | The World Bank |
| record_format | marc |
| spelling | Baffes, John Verfasser aut Oil Spills On Other Commodities Baffes, John Washington, D.C The World Bank 2007 1 Online-Ressource (26 Seiten)) txt rdacontent c rdamedia cr rdacarrier This paper examines the effect of crude oil prices on the prices of 35 internationally traded primary commodities for the 1960-2005 period. It finds that the pass-through of crude oil price changes to the overall non-energy commodity index is 0.16. At a more disaggregated level, the fertilizer index had the highest pass-through (0.33), followed by agriculture (0.17), and metals (0.11). The prices of precious metals also exhibited a strong response to the crude oil price. In terms of individual commodities, the estimates of the food group exhibited remarkable similarity while those of raw materials and metals gave a mixed picture. The implication is that if crude oil prices remain high for some time, as most analysts expect, then the recent commodity price boom is likely to last much longer than earlier booms, at least for food commodities. The other commodities, however, are likely to follow diverging paths. On the methodological side, the results show that price indices, while providing useful summary statistics, need to be supplemented by individual commodity analysis Online-Ausg Agricultural commodities Commodities Crude oil Crude oil price E-Business Emerging Markets Energy Energy Production and Transportation Fuel International Economics & Trade Macroeconomics and Economic Growth Markets and Market Access Oil Oil Spills Oil importing countries Oil prices Price of oil Private Sector Development Raw materials Baffes, John Sonstige oth Baffes, John Oil Spills On Other Commodities http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4333 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Baffes, John Oil Spills On Other Commodities Agricultural commodities Commodities Crude oil Crude oil price E-Business Emerging Markets Energy Energy Production and Transportation Fuel International Economics & Trade Macroeconomics and Economic Growth Markets and Market Access Oil Oil Spills Oil importing countries Oil prices Price of oil Private Sector Development Raw materials |
| title | Oil Spills On Other Commodities |
| title_auth | Oil Spills On Other Commodities |
| title_exact_search | Oil Spills On Other Commodities |
| title_exact_search_txtP | Oil Spills On Other Commodities |
| title_full | Oil Spills On Other Commodities Baffes, John |
| title_fullStr | Oil Spills On Other Commodities Baffes, John |
| title_full_unstemmed | Oil Spills On Other Commodities Baffes, John |
| title_short | Oil Spills On Other Commodities |
| title_sort | oil spills on other commodities |
| topic | Agricultural commodities Commodities Crude oil Crude oil price E-Business Emerging Markets Energy Energy Production and Transportation Fuel International Economics & Trade Macroeconomics and Economic Growth Markets and Market Access Oil Oil Spills Oil importing countries Oil prices Price of oil Private Sector Development Raw materials |
| topic_facet | Agricultural commodities Commodities Crude oil Crude oil price E-Business Emerging Markets Energy Energy Production and Transportation Fuel International Economics & Trade Macroeconomics and Economic Growth Markets and Market Access Oil Oil Spills Oil importing countries Oil prices Price of oil Private Sector Development Raw materials |
| url | http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4333 |
| work_keys_str_mv | AT baffesjohn oilspillsonothercommodities |