{"id":"https://openalex.org/W2235199520","doi":"https://doi.org/10.1080/02692171.2015.1122745","title":"Financialization and commodity prices \u2013 an empirical analysis for coffee, cotton, wheat and oil","display_name":"Financialization and commodity prices \u2013 an empirical analysis for coffee, cotton, wheat and oil","publication_year":2016,"publication_date":"2016-01-14","ids":{"openalex":"https://openalex.org/W2235199520","doi":"https://doi.org/10.1080/02692171.2015.1122745","mag":"2235199520"},"language":"en","primary_location":{"id":"doi:10.1080/02692171.2015.1122745","doi":"https://doi.org/10.1080/02692171.2015.1122745","is_oa":false,"landing_page_url":"https://doi.org/10.1080/02692171.2015.1122745","pdf_url":null,"source":{"id":"https://openalex.org/S50561683","display_name":"International Review of Applied Economics","issn_l":"0269-2171","issn":["0269-2171","1465-3486"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","jufo-1","norway-1","poland-70","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547","https://openalex.org/P4310320449"],"host_organization_lineage_names":["Taylor & Francis","Informa"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Review of Applied Economics","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5025920924","display_name":"Stefan Ederer","orcid":"https://orcid.org/0000-0002-3864-8414","observed_orcids":["https://orcid.org/0000-0002-3864-8414"]},"institutions":[{"id":"https://openalex.org/I1315541505","display_name":"Austrian Institute of Economic Research","ror":"https://ror.org/0515pjs57","country_code":"AT","type":"nonprofit","lineage":["https://openalex.org/I1315541505"]}],"countries":["AT"],"is_corresponding":false,"raw_author_name":"Stefan Ederer","raw_affiliation_strings":["Macroeconomics and European Economic Policy, Austrian Institute of Economic Research (WIFO), Vienna, Austria"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Macroeconomics and European Economic Policy, Austrian Institute of Economic Research (WIFO), Vienna, Austria","institution_ids":["https://openalex.org/I1315541505"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5059565850","display_name":"Christine Heumesser","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I92869138","display_name":"BOKU University","ror":"https://ror.org/057ff4y42","country_code":"AT","type":"education","lineage":["https://openalex.org/I92869138"]}],"countries":["AT"],"is_corresponding":false,"raw_author_name":"Christine Heumesser","raw_affiliation_strings":["Institute for Sustainable Economic Development, University of Natural Resources and Life Sciences (BOKU), Vienna, Austria"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Institute for Sustainable Economic Development, University of Natural Resources and Life Sciences (BOKU), Vienna, Austria","institution_ids":["https://openalex.org/I92869138"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5018400609","display_name":"Cornelia Staritz","orcid":"https://orcid.org/0000-0003-1794-9784","observed_orcids":["https://orcid.org/0000-0003-1794-9784"]},"institutions":[{"id":"https://openalex.org/I4210156634","display_name":"Austrian Foundation for Development Research","ror":"https://ror.org/054z0bn29","country_code":"AT","type":"facility","lineage":["https://openalex.org/I4210156634"]}],"countries":["AT"],"is_corresponding":true,"raw_author_name":"Cornelia Staritz","raw_affiliation_strings":["Global Economy and Development, Austrian Foundation for Development Research (\u00d6FSE), Vienna, Austria"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Global Economy and Development, Austrian Foundation for Development Research (\u00d6FSE), Vienna, Austria","institution_ids":["https://openalex.org/I4210156634"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":3,"corresponding_author_ids":["https://openalex.org/A5018400609"],"corresponding_institution_ids":["https://openalex.org/I4210156634"],"apc_list":null,"apc_paid":null,"fwci":6.3651,"has_fulltext":false,"cited_by_count":51,"citation_normalized_percentile":{"value":0.96022404,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":93,"max":99},"biblio":{"volume":"30","issue":"4","first_page":"462","last_page":"487"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11059","display_name":"Market Dynamics and Volatility","score":0.9657999873161316,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11059","display_name":"Market Dynamics and Volatility","score":0.9657999873161316,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11898","display_name":"Economics of Agriculture and Food Markets","score":0.032600000500679016,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.0007999999797903001,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/financialization","display_name":"financialization","score":0.9509999752044678},{"id":"https://openalex.org/keywords/commodity-prices","display_name":"commodity prices","score":0.9950000047683716},{"id":"https://openalex.org/keywords/fund-managers","display_name":"fund managers","score":0.7260000109672546},{"id":"https://openalex.org/keywords/coffee","display_name":"coffee","score":0.7979999780654907},{"id":"https://openalex.org/keywords/cotton","display_name":"cotton","score":1.0},{"id":"https://openalex.org/keywords/wheat","display_name":"wheat","score":1.0},{"id":"https://openalex.org/keywords/oil","display_name":"oil","score":0.9509999752044678},{"id":"https://openalex.org/keywords/price-volatility","display_name":"price volatility","score":0.8180000185966492}],"concepts":[{"id":"https://openalex.org/C2780837152","wikidata":"https://www.wikidata.org/wiki/Q607865","display_name":"Financialization","level":2,"score":0.8408862352371216},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.8180437088012695},{"id":"https://openalex.org/C2779439359","wikidata":"https://www.wikidata.org/wiki/Q317088","display_name":"Commodity","level":2,"score":0.7965667843818665},{"id":"https://openalex.org/C2777382242","wikidata":"https://www.wikidata.org/wiki/Q6017816","display_name":"Index (typography)","level":2,"score":0.5183442831039429},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.5121895670890808},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.4988133907318115},{"id":"https://openalex.org/C111771559","wikidata":"https://www.wikidata.org/wiki/Q66295","display_name":"Derivative (finance)","level":2,"score":0.4750542640686035},{"id":"https://openalex.org/C95727064","wikidata":"https://www.wikidata.org/wiki/Q1934287","display_name":"Derivatives market","level":3,"score":0.459891140460968},{"id":"https://openalex.org/C106306483","wikidata":"https://www.wikidata.org/wiki/Q183984","display_name":"Futures contract","level":2,"score":0.3220273554325104},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.15698230266571045},{"id":"https://openalex.org/C136764020","wikidata":"https://www.wikidata.org/wiki/Q466","display_name":"World Wide Web","level":1,"score":0.0},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1080/02692171.2015.1122745","doi":"https://doi.org/10.1080/02692171.2015.1122745","is_oa":false,"landing_page_url":"https://doi.org/10.1080/02692171.2015.1122745","pdf_url":null,"source":{"id":"https://openalex.org/S50561683","display_name":"International Review of Applied Economics","issn_l":"0269-2171","issn":["0269-2171","1465-3486"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","jufo-1","norway-1","poland-70","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547","https://openalex.org/P4310320449"],"host_organization_lineage_names":["Taylor & Francis","Informa"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Review of Applied Economics","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:taf:irapec:v:30:y:2016:i:4:p:462-487","doi":null,"is_oa":false,"landing_page_url":"http://hdl.handle.net/10.1080/02692171.2015.1122745","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[{"id":"https://openalex.org/G1414093659","display_name":null,"funder_award_id":"14686","funder_id":"https://openalex.org/F4320322325","funder_display_name":"Oesterreichische Nationalbank"}],"funders":[{"id":"https://openalex.org/F4320322325","display_name":"Oesterreichische Nationalbank","ror":"https://ror.org/00nkcmy90"}],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":57,"referenced_works":["https://openalex.org/W339931015","https://openalex.org/W1496479462","https://openalex.org/W1504452031","https://openalex.org/W1508753984","https://openalex.org/W1518200439","https://openalex.org/W1537083488","https://openalex.org/W1558749482","https://openalex.org/W1577060842","https://openalex.org/W1582000793","https://openalex.org/W1803866456","https://openalex.org/W1840869818","https://openalex.org/W1905950867","https://openalex.org/W2003902656","https://openalex.org/W2029456970","https://openalex.org/W2035784116","https://openalex.org/W2047914636","https://openalex.org/W2061639722","https://openalex.org/W2061870535","https://openalex.org/W2089243317","https://openalex.org/W2098052145","https://openalex.org/W2100000398","https://openalex.org/W2102578594","https://openalex.org/W2105754908","https://openalex.org/W2106988838","https://openalex.org/W2107820934","https://openalex.org/W2113983529","https://openalex.org/W2116381474","https://openalex.org/W2122063809","https://openalex.org/W2122429612","https://openalex.org/W2125344249","https://openalex.org/W2147281505","https://openalex.org/W2151915375","https://openalex.org/W2155768584","https://openalex.org/W2161238040","https://openalex.org/W2198166171","https://openalex.org/W2238968334","https://openalex.org/W2259110364","https://openalex.org/W2277615202","https://openalex.org/W2280740131","https://openalex.org/W2282537997","https://openalex.org/W2302893666","https://openalex.org/W2333630357","https://openalex.org/W2529276937","https://openalex.org/W2810782662","https://openalex.org/W2969793651","https://openalex.org/W3028139156","https://openalex.org/W3121471674","https://openalex.org/W3121660020","https://openalex.org/W3121838928","https://openalex.org/W3122374219","https://openalex.org/W3123697749","https://openalex.org/W3125234910","https://openalex.org/W3184178316","https://openalex.org/W4229634551","https://openalex.org/W4236593999","https://openalex.org/W4240068735","https://openalex.org/W4252648999"],"related_works":["https://openalex.org/W345083822","https://openalex.org/W3197398749","https://openalex.org/W2161238040","https://openalex.org/W306883232","https://openalex.org/W2789848978","https://openalex.org/W3150180470","https://openalex.org/W7099827587","https://openalex.org/W1516317346","https://openalex.org/W3204903227","https://openalex.org/W3141107501"],"abstract_inverted_index":{"Commodity":[0],"prices":[1,24,68],"have":[2,88],"crucial":[3],"implications":[4],"for":[5,99],"developing":[6],"countries.":[7],"The":[8],"question":[9],"whether":[10],"the":[11,33,46,67],"financialization":[12],"of":[13,48,51,69],"commodity":[14,23,95,103],"derivative":[15,104],"markets":[16,105],"has":[17,25],"contributed":[18],"to":[19,44,80,108],"high":[20],"and":[21,56,63,73],"volatile":[22],"been":[26],"controversially":[27],"debated.":[28],"Building":[29],"on":[30,66,94],"limitations":[31],"in":[32,78],"empirical":[34],"literature,":[35],"we":[36],"estimate":[37],"a":[38,89],"multivariate":[39],"Vector":[40],"Autoregressive":[41],"(VAR)":[42],"model":[43],"assess":[45],"effect":[47,93],"different":[49],"groups":[50],"financial":[52],"investors":[53,55],"(index":[54],"money":[57,83],"managers)":[58],"as":[59,61,102],"well":[60],"fundamental":[62,111],"macroeconomic":[64],"variables":[65],"coffee,":[70],"cotton,":[71],"wheat":[72],"oil.":[74],"We":[75],"find":[76],"that,":[77],"contrast":[79],"index":[81],"investors,":[82],"managers\u2019":[84],"net":[85],"long":[86],"positions":[87],"large":[90],"statistically":[91],"significant":[92],"prices.":[96],"This":[97],"calls":[98],"policy":[100],"interventions":[101],"may":[106],"cease":[107],"perform":[109],"their":[110],"developmental":[112],"roles.":[113]},"counts_by_year":[{"year":2026,"cited_by_count":4},{"year":2025,"cited_by_count":3},{"year":2024,"cited_by_count":5},{"year":2023,"cited_by_count":2},{"year":2022,"cited_by_count":8},{"year":2021,"cited_by_count":15},{"year":2020,"cited_by_count":3},{"year":2019,"cited_by_count":2},{"year":2018,"cited_by_count":5},{"year":2017,"cited_by_count":2},{"year":2016,"cited_by_count":2}],"updated_date":"2026-11-07T11:25:07.637180","created_date":"2016-06-24T00:00:00"}
