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dc.contributor.authorOmura, Akihiro
dc.contributor.authorChung, Richard
dc.contributor.authorTodorova, Neda
dc.contributor.authorLi, Bin
dc.date.accessioned2018-08-17T01:43:11Z
dc.date.available2018-08-17T01:43:11Z
dc.date.issued2016
dc.identifier.issn0003-6846
dc.identifier.doi10.1080/00036846.2016.1181832
dc.identifier.urihttp://hdl.handle.net/10072/123728
dc.description.abstractWe study the relationship between convenience yield and relative scarcity in the non-ferrous metal market for the period January 2000–March 2015. We identify various sets of economic relationships for six major base metals, namely, aluminium, copper, lead, nickel, tin and zinc. Our bivariate and multivariate VARs and associated Granger-causality test results generally support the existence of a positive relationship between convenience yields of base metals and our relative scarcity measure. Furthermore, the time-varying characteristics observed in the results, especially during contango and backwardation periods, provide useful information to market players in developing inventory strategies.
dc.description.peerreviewedYes
dc.languageEnglish
dc.publisherRoutledge
dc.relation.ispartofpagefrom1
dc.relation.ispartofpageto20
dc.relation.ispartofjournalApplied Economics
dc.subject.fieldofresearchApplied Economics not elsewhere classified
dc.subject.fieldofresearchApplied Economics
dc.subject.fieldofresearchEconometrics
dc.subject.fieldofresearchBanking, Finance and Investment
dc.subject.fieldofresearchcode140299
dc.subject.fieldofresearchcode1402
dc.subject.fieldofresearchcode1403
dc.subject.fieldofresearchcode1502
dc.titleRelative scarcity and convenience yield: Evidence from non-ferrous metals
dc.typeJournal article
dc.type.descriptionC1 - Articles
dc.type.codeC - Journal Articles
gro.facultyGriffith Business School, Department of Accounting, Finance and Economics
gro.description.notepublicThis publication has been entered into Griffith Research Online as an Advanced Online Version.
gro.hasfulltextNo Full Text
gro.griffith.authorLi, Bin
gro.griffith.authorChung, Richard Yiu-Ming
gro.griffith.authorTodorova, Neda
gro.griffith.authorOmura, Akihiro


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