Search results for "modit"

Primary Commodity Prices: Co-movements, Common Factors and Fundamentals

2011

The behavior of commodities is critical for developing and developed countries alike. This paper contributes to the empirical evidence on the co-movement and determinants of commodity prices. Using nonstationary panel methods, we document a statistically significant degree of co-movement due to a common factor. Within a Factor Augmented VAR approach, real interest rate and uncertainty, as postulated by a simple asset pricing model, are both found to be negatively related to this common factor. This evidence is robust to the inclusion of demand and supply shocks, which both positively impact on the co-movement of commodity prices.

Production and Foreign Trade of Mineral Products in Latvia and Belarus

2015

Latvia and Belarus are small countries with limited scope of natural resources. However, the available mineral resources play important role in production of mineral products for domestic and foreign consumption. Main goal of the paper is to characterize the role of extraction industry in national economy and mineral products trade in two neighboring countries - Latvia and Belarus. To achieve the goal, the role of mining and quarrying industry in Latvia and Belarus was identified; trade of mineral resources in Latvia was analyzed. The main trends in the development of its own mineral resources of the Republic of Belarus were identified, the role of mineral resources in the commodity structu…

'Traveling Barbies' and rolling blackouts Images of mobility in Mira Nair's Monsoon Wedding

2003

AbstractThis article proposes to read Mira Nair's film Monsoon Wedding through a critical framework provided by transnational anthropology. Such a framework suggests that approaches celebrating transnational mobility must be balanced against nationally specific forms of constraint. It is argued that Monsoon Wedding bears out precisely such a balance. Nair's film suggests that the mobility of human lives may not be quite as unfettered as that of cultural commodities. Moreover, the filmic narrative insists on a differentiation within the Indian diasporic community. Similarly, some theorists of transnationalism have cautioned that the concept of a 'diasporic community' may serve to obfuscate c…

Tourism in the Days of Morbid Consumption

2019

This chapter centers on the changes, limitations and future challenges tourism research faces in the years to come. In the days of morbid consumption, which means the proliferation of new dark forms of consumption as dark tourism, slum tourism, last day tourism or even war-tourism, scholars seem to be misguided or trapped into conceptual gridlocks. In fact, our grandparents chose other types of destinations for their holidays. Instead, new forms of tourism—more oriented to spaces of destruction, mass death and suffering—are surfacing. This chapter, echoing the main contributions of Dean MacCannell, calls for the introduction of ethics in business. This begs the following question: to what e…

Integration of foreign trade and maritime transport statistics in Spain

2010

This article aims to contribute to improving maritime trade data by analysing the possibility of integrating in a single enlarged databank two different databases: the Spanish foreign trade and maritime transport datasets. The methodology adopted consisted of studying the primary sources providing data compiled in the foreign trade and maritime traffic databases, analysing the electronic processes used by informants and data collectors and examining the linkages between the different electronic messages involved. Once the links between the trade and sea transport documents and electronic messages were found, a solution for integrating both databases was envisaged. The main outcome is a new …

Commodity Tax Competition and Industry Location Under the Destination- and the Origin-Principle

2007

We develop a model of commodity tax competition with monopolistically competitive internationally mobile firms, transport costs, and asymmetric country sizes. We investigate the impacts of non-cooperative tax setting, as well as of tax harmonization and changes in the tax principle, in both the short and the long run. The origin principle, when compared to the destination principle, is shown to exacerbate tax competition and to erode tax revenues, yet leads to a more equal spatial distribution of economic activity. This suggests that federations which care about spatial inequality, like the European Union, face a non-trivial choice for their tax principle that goes beyond the standard consi…

Spillovers from the oil sector to the housing market cycle

2017

We assess the spillovers from the oil sector to the housing market cycle using quarterly data for 20 net oil-exporting and -importing industrial countries, and employing continuous- and discrete-time duration models. We do not uncover a statistically significant difference in the average duration of booms and normal times in the housing markets of those net oil-importers and net oil-exporters. Similarly, the degree of exposure to commodity price fluctuations does not seem to significantly affect the housing market cycle. However, we find that housing booms are shorter when oil prices increase than housing busts when oil prices decrease. We also show that the net oil-importers are more vulne…

Commodity market based hedging against stock market risk in times of financial crisis: The case of crude oil and gold

2018

Based on daily data from 1989-2016 we find that the correlations between some relevant commodity market futures and equity returns in the aggregate U.S. market, and specifically in the energy sector stocks have changed strongly during the stock market crisis periods. The correlation between crude oil futures and aggregate U.S. equities increases in crisis periods, whereas in case of gold futures the correlation becomes negative, which supports the safe haven hypothesis of gold. For energy sector equities, the dynamics of hedge ratios does not support using either crude oil or gold futures for cross-hedging during stock market crises.

Global connectivity between commodity prices and national stock markets: A time‐varying MIDAS analysis

2021

Paradigms on landfill mining: From dump site scavenging to ecosystem services revitalization

2017

For the next century to come, one of the biggest challenges is to provide the mankind with relevant and sufficient resources. Recovery of secondary resources plays a significant role. Industrial processes developed to regain minerals for commodity production in a circular economy become ever more important in the European Union and worldwide. Landfill mining (LFM) constitutes an important technological toolset of processes that regain resources and redistribute them with an accompanying reduction of hazardous influence of environmental contamination and other threats for human health hidden in former dump sites and landfills. This review paper is devoted to LFM problems, historical developm…