JEWELRY DEMAND AND THE PRICE OF GOLD

被引：16

作者：

BATCHELOR, R ^{[1
]}

GULLEY, D ^{[1
]}

机构：

[1] AMER COLL,LONDON W1M 3DB,ENGLAND

来源：

RESOURCES POLICY | 1995年 / 21卷 / 01期

关键词：

D O I：

10.1016/0301-4207(95)92250-U

中图分类号：

X [环境科学、安全科学];

学科分类号：

08 ; 0830 ;

摘要：

Jewellery is the most important end use of newly mined gold. This paper analyses the relationships between jewellery demand, the price of gold and expenditure and taste variables. The analysis exploits a new time series/cross-section data set on trade purchases of jewellery in six developed countries, using a seemingly unrelated regression (SURE) model. We find direct price elasticities in the range -0.5 to -1.0, and some evidence of speculative purchases ahead of expected price changes.

引用

页码：37 / 42

页数：6