The dynamics of Australian commodity prices

Fazle Rabbi, Mamta Chowdhury

Research output: Chapter in Book / Conference PaperConference Paperpeer-review

Abstract

![CDATA[The study uses Johansen’s (1988, 1991) cointegration technique and vector error correction model to understand the dynamic interactions between Australian commodity prices and other fundamental macroeconomic variables. The author has been formulated the econometric models by using seasonally adjusted monthly time series from January 2000 to December 2015. The study shows that the real interest rate (rr), real exchange rate (rer) and the industrial production (ip) have an adverse effect on Australian real commodity price (rci). Moreover, the model of this study shows that all the variables are helping to restore the divergence from the long-run equilibrium in commodity prices of Australia]]
Original languageEnglish
Title of host publicationProceedings of the 1st International Conference on Business Research and Ethics (iCBRE), 20-22 November, 2017, Sydney, Australia
PublisherScience Technology and Management Crest
Pages18-23
Number of pages6
ISBN (Print)9780648014782
Publication statusPublished - 2017
EventInternational Conference on Business Research and Ethics -
Duration: 20 Nov 2017 → …

Conference

ConferenceInternational Conference on Business Research and Ethics
Period20/11/17 → …

Keywords

  • prices
  • macroeconomics
  • cointegration
  • Australia

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