China's Impact on World Commodity Markets
By S. Roache. Social Science Research Network, 2012
120 citations recorded by the source corpus.
Shocks to aggregate activity in China have a significant and persistent short-run impact on the price of oil and some base metals. In contrast, shocks to apparent commodity-specific consumption (in part reflecting inventory demand) have no effect on commodity prices. China’s impact on world commodity markets is rising but, perhaps surprisingly, remains smaller than that of the United States. This is mainly due to the dynamics of real activity growth shocks in the U.S, which tend to be more persistent and have larger effects on the rest of the world.
Subfields: Economics and Econometrics
View Paper: https://www.semanticscholar.org/paper/e242f024ad6c83a5414aa700172a28f5f8e3bec5
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In Economics and Econometrics
Citations in the corpus
- China's slowdown and rebalancing: potential growth and poverty impacts on Sub-Saharan Africa (2016, result): “The commodity price declines are in line with the stream of literature represented among others by Villoria (2009) and Roache (2012), who find that China’s growth does not necessarily translate into significant pressures on world commodity prices. Villoria (2009) explores the possibility of China af”