The Research on the Impact of the Changes of Commodity Price Level in the World Commodity Exchanges on Variation of General Price Level

Bibliographic Data

ID13022339
AuthorsAlgita Miečinskienė (0000-0002-3265-0468, Vilnius Gediminas Technical University, corresponding author), Indrė Lapinskaitė (0000-0001-6272-1127, Financial Research (Hungary))
Year2014
Volume7
Issue4
Pages71-88
Publication date2014-11-20
Open AccessYes
TypeARTICLE
VenueEconomics & Sociology (JOURNAL)
Journal identifiersISSN: 2071-789X • E-ISSN: 2306-3459
PublisherCentre of Sociological Research, NGO (PUBLISHER)
DOI10.14254/2071-789x.2014/7-4/5
OpenAlexW2033960102
LanguageEN
References cited2

The purpose of the paper is to investigate the influence of changes of commodity price level in the world commodity exchanges on variation of general price level index in Lithuania.Object of the research is commodity price level in the world commodity exchanges.The methodology applied is following: study of the recent scientific literature, collection and analysis of statistical data, correlation regression analysis.The conclusion can be made that variation of general price level in Lithuania depends on changes of commodity prices in world commodity exchanges, mostly from the prices of aluminium, cocoa, coal and oil.Regression function made with analysed commodities is adequate to real situation and chosen variables X explain the 64% of inflation variability and 36% are explained by other factors.The results show that the determinate regression function could be practically used to forecast the dependence of inflation rate on the particular factors

Commodity · Commodity swap · Contango · Econometrics · Economics · Financial economics · Futures contract · Index (typography · Inflation (cosmology · Market economy · Monetary economics · Price index · Price level · Regression analysis · Statistics · Market Dynamics and Volatility · Mathematics · Monetary Policy and Economic Impact

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Open DOIOpen Access