Asia's imprint on global commodity markets
Asia's imprint on global commodity markets
复制标题
亚洲对全球大宗商品市场的影响
DOI:
10.1080/14041040701405803
复制
发表时间:
2007
期刊:
影响因子:
--
通讯作者:
F. Zhai
中科院分区:
文献类型:
--
作者:
Cyn‐Young Park;F. Zhai
Dynamic growth patterns of developing Asia will continue to make strong impressions in world commodity markets. Driven by rapid income growth and economic development, developing Asia has surfaced as a major demand force behind the price dynamics of primary commodities. The region's economic growth and development has been tightly associated with rapid industrialization, urbanization, and massive infrastructure investments, which are all resource‐intensive. These trends are set to intensify as Asia's mammoth economies emerge. The paper provides an overview of Asian influence in world commodity markets and examines its changing patterns. It also attempts to quantify the impact of the rapidly growing Asian economy on long‐term resource utilization, using a General Equilibrium Model for Asian Trade to project regional growth scenarios. The model captures long‐run equilibrium tendencies in product and factor markets for the use of natural resources. The estimated results point to fundamental changes in market...