The Resource Structural Change in Commodity Markets : Have Agricultural Markets Become Thinner?, Pete Liapis, (electronic resource)

Structural Change in Commodity Markets : Have Agricultural Markets Become Thinner?, Pete Liapis, (electronic resource)

Label
Structural Change in Commodity Markets : Have Agricultural Markets Become Thinner?
Title
Structural Change in Commodity Markets
Title remainder
Have Agricultural Markets Become Thinner?
Statement of responsibility
Pete Liapis
Creator
Subject
Language
eng
Summary
It is generally asserted that markets of internationally traded agricultural commodities are thin and more volatile, but with little supporting evidence. For internationally traded agricultural products, it is not clear what constitutes "thin" markets and how this "thinness" contributes to price volatility. Nonetheless, in the current atmosphere of high food and agricultural prices, the sentiment that international prices are more volatile because agricultural markets are thin, is widely shared. This study examines whether selected agricultural markets have become thinner using a particular notion of market thinness relevant for internationally traded goods - exports as a share of production. The results suggest that for most of the commodities examined from 1970 to 2010 the answer is that markets have not become thinner. To support this conclusion, two other measures are used for a robustness check to round out the analysis and provide a multidimensional picture. These two measures are the number of participants (countries) trading in any market and the level of market concentration as revealed by the Herfindahl Index
Member of
Cataloging source
FR-PaOEC
http://library.link/vocab/creatorName
Liapis, Pete
Government publication
international or intergovernmental publication
Index
no index present
Literary form
non fiction
Nature of contents
dictionaries
Series statement
OECD Food, Agriculture and Fisheries Working Papers,
Series volume
no.54
http://library.link/vocab/subjectName
Agriculture and Food
Label
Structural Change in Commodity Markets : Have Agricultural Markets Become Thinner?, Pete Liapis, (electronic resource)
Instantiates
Publication
Antecedent source
not applicable
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
786266915
Dimensions
21 x 30 cm
Extent
1 online resource 39 pages
File format
one file format
Form of item
online
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.1787/5k9fp3zdc1d0-en
Specific material designation
remote
System control number
(OCoLC)786266915
Label
Structural Change in Commodity Markets : Have Agricultural Markets Become Thinner?, Pete Liapis, (electronic resource)
Publication
Antecedent source
not applicable
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
786266915
Dimensions
21 x 30 cm
Extent
1 online resource 39 pages
File format
one file format
Form of item
online
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.1787/5k9fp3zdc1d0-en
Specific material designation
remote
System control number
(OCoLC)786266915

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