Determinantes de los precios reales de las materias primas agrícolas. El papel de los inventarios y de los factores macroeconómicos (1960-2010)

Determinantes de los precios reales de las materias primas agrícolas. El papel de los inventarios y de los factores macroeconómicos (1960-2010)

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In recent years, there has been an extraordinary increase in international commodity prices, such as fossil fuels (oil) and agricultural products. This paper analyzes the behavior of real prices of major agricultural commodities (wheat, corn, soybeans and rice) using SVAR models, with short-term res...

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Main Author: Luis N. Lanteri
Format: Article
Language:English
Published: Universidad de Antioquia 2012-12-01
Series:Lecturas de Economía
Subjects:
real prices of agricultural commodities
inventories
macroeconomic factors
estructural VAR models
Online Access:http://aprendeenlinea.udea.edu.co/revistas/index.php/lecturasdeeconomia/article/view/14774/12933
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spelling doaj-1c97ec0dab6947418b81d7b380a835c62020-11-25T03:17:48ZengUniversidad de AntioquiaLecturas de Economía0120-25962012-12-017777189217Determinantes de los precios reales de las materias primas agrícolas. El papel de los inventarios y de los factores macroeconómicos (1960-2010) Luis N. LanteriIn recent years, there has been an extraordinary increase in international commodity prices, such as fossil fuels (oil) and agricultural products. This paper analyzes the behavior of real prices of major agricultural commodities (wheat, corn, soybeans and rice) using SVAR models, with short-term restrictions, and annual data covering the period 1960-2010. The results suggest that the prices of these commodities increase with improvements in industrial growth, easy monetary policy, dollar depreciation, and inventory reductions. There is an inverse relation between the ratios inventories/consumption and the real prices of grains.http://aprendeenlinea.udea.edu.co/revistas/index.php/lecturasdeeconomia/article/view/14774/12933real prices of agricultural commoditiesinventoriesmacroeconomic factorsestructural VAR models
collection DOAJ
language English
format Article
sources DOAJ
author Luis N. Lanteri
spellingShingle Luis N. Lanteri
Determinantes de los precios reales de las materias primas agrícolas. El papel de los inventarios y de los factores macroeconómicos (1960-2010)
Lecturas de Economía
real prices of agricultural commodities
inventories
macroeconomic factors
estructural VAR models
author_facet Luis N. Lanteri
author_sort Luis N. Lanteri
title Determinantes de los precios reales de las materias primas agrícolas. El papel de los inventarios y de los factores macroeconómicos (1960-2010)
title_short Determinantes de los precios reales de las materias primas agrícolas. El papel de los inventarios y de los factores macroeconómicos (1960-2010)
title_full Determinantes de los precios reales de las materias primas agrícolas. El papel de los inventarios y de los factores macroeconómicos (1960-2010)
title_fullStr Determinantes de los precios reales de las materias primas agrícolas. El papel de los inventarios y de los factores macroeconómicos (1960-2010)
title_full_unstemmed Determinantes de los precios reales de las materias primas agrícolas. El papel de los inventarios y de los factores macroeconómicos (1960-2010)
title_sort determinantes de los precios reales de las materias primas agrícolas. el papel de los inventarios y de los factores macroeconómicos (1960-2010)
publisher Universidad de Antioquia
series Lecturas de Economía
issn 0120-2596
publishDate 2012-12-01
description In recent years, there has been an extraordinary increase in international commodity prices, such as fossil fuels (oil) and agricultural products. This paper analyzes the behavior of real prices of major agricultural commodities (wheat, corn, soybeans and rice) using SVAR models, with short-term restrictions, and annual data covering the period 1960-2010. The results suggest that the prices of these commodities increase with improvements in industrial growth, easy monetary policy, dollar depreciation, and inventory reductions. There is an inverse relation between the ratios inventories/consumption and the real prices of grains.
topic real prices of agricultural commodities
inventories
macroeconomic factors
estructural VAR models
url http://aprendeenlinea.udea.edu.co/revistas/index.php/lecturasdeeconomia/article/view/14774/12933
work_keys_str_mv AT luisnlanteri determinantesdelospreciosrealesdelasmateriasprimasagricolaselpapeldelosinventariosydelosfactoresmacroeconomicos19602010
_version_ 1724629997422903296

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