Growth, Commodity Prices, Inflation and the Distribution of Income
A primary commodity price boom is underway. Given the role of internationally traded primary commodities as inputs into the productive process in the industrialized world, an important question arises; namely what effects will this price-boom exert upon wage and price inflation in industrialized co...
| Main Authors: | , , , |
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| Format: | Journal Article |
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Blackwell Publishing Ltd
2007
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| Online Access: | http://hdl.handle.net/20.500.11937/14783 |
| _version_ | 1848748715299307520 |
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| author | Bloch, Harry Dockery, Alfred Michael Morgan, C. Sapsford, D. |
| author_facet | Bloch, Harry Dockery, Alfred Michael Morgan, C. Sapsford, D. |
| author_sort | Bloch, Harry |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | A primary commodity price boom is underway. Given the role of internationally traded primary commodities as inputs into the productive process in the industrialized world, an important question arises; namely what effects will this price-boom exert upon wage and price inflation in industrialized countries? In order to address this question, we specify and estimate a system of equations in which the key dependent variables are world commodity prices, the domestic inflation rate for finished goods and the rate of domestic industrial wage inflation. This model is estimated against data for each of three major industrialized countries: Japan, the UK and the USA and the implications of the results thus obtained are explored. |
| first_indexed | 2025-11-14T07:09:27Z |
| format | Journal Article |
| id | curtin-20.500.11937-14783 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T07:09:27Z |
| publishDate | 2007 |
| publisher | Blackwell Publishing Ltd |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-147832018-10-01T03:32:58Z Growth, Commodity Prices, Inflation and the Distribution of Income Bloch, Harry Dockery, Alfred Michael Morgan, C. Sapsford, D. A primary commodity price boom is underway. Given the role of internationally traded primary commodities as inputs into the productive process in the industrialized world, an important question arises; namely what effects will this price-boom exert upon wage and price inflation in industrialized countries? In order to address this question, we specify and estimate a system of equations in which the key dependent variables are world commodity prices, the domestic inflation rate for finished goods and the rate of domestic industrial wage inflation. This model is estimated against data for each of three major industrialized countries: Japan, the UK and the USA and the implications of the results thus obtained are explored. 2007 Journal Article http://hdl.handle.net/20.500.11937/14783 10.1111/j.1467-999X.2007.00259.x Blackwell Publishing Ltd restricted |
| spellingShingle | Bloch, Harry Dockery, Alfred Michael Morgan, C. Sapsford, D. Growth, Commodity Prices, Inflation and the Distribution of Income |
| title | Growth, Commodity Prices, Inflation and the Distribution of Income |
| title_full | Growth, Commodity Prices, Inflation and the Distribution of Income |
| title_fullStr | Growth, Commodity Prices, Inflation and the Distribution of Income |
| title_full_unstemmed | Growth, Commodity Prices, Inflation and the Distribution of Income |
| title_short | Growth, Commodity Prices, Inflation and the Distribution of Income |
| title_sort | growth, commodity prices, inflation and the distribution of income |
| url | http://hdl.handle.net/20.500.11937/14783 |