{"id":"https://openalex.org/W2755893284","doi":"https://doi.org/10.4236/tel.2017.76120","title":"The Commodity Price and Exchange Rate Dynamics","display_name":"The Commodity Price and Exchange Rate Dynamics","publication_year":2017,"publication_date":"2017-01-01","ids":{"openalex":"https://openalex.org/W2755893284","doi":"https://doi.org/10.4236/tel.2017.76120","mag":"2755893284"},"language":"en","primary_location":{"id":"doi:10.4236/tel.2017.76120","doi":"https://doi.org/10.4236/tel.2017.76120","is_oa":true,"landing_page_url":"https://doi.org/10.4236/tel.2017.76120","pdf_url":"http://www.scirp.org/journal/PaperDownload.aspx?paperID=79731","source":{"id":"https://openalex.org/S2764708357","display_name":"Theoretical Economics Letters","issn_l":"2162-2078","issn":["2162-2078","2162-2086"],"is_oa":true,"is_in_doaj":false,"is_core":true,"listed_in":["anvur-scientific","cwts-core"],"host_organization":"https://openalex.org/P4310320480","host_organization_name":"Scientific Research Publishing","host_organization_lineage":["https://openalex.org/P4310320480"],"host_organization_lineage_names":["Scientific Research Publishing"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Theoretical Economics Letters","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"diamond","oa_url":"http://www.scirp.org/journal/PaperDownload.aspx?paperID=79731","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5009906089","display_name":"Liping Zou","orcid":"https://orcid.org/0000-0002-7091-484X","observed_orcids":["https://orcid.org/0000-0002-7091-484X"]},"institutions":[{"id":"https://openalex.org/I51158804","display_name":"Massey University","ror":"https://ror.org/052czxv31","country_code":"NZ","type":"education","lineage":["https://openalex.org/I51158804"]}],"countries":["NZ"],"is_corresponding":true,"raw_author_name":"Liping Zou","raw_affiliation_strings":["School of Economics and Finance, Massey University, Auckland, New Zealand"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"School of Economics and Finance, Massey University, Auckland, New Zealand","institution_ids":["https://openalex.org/I51158804"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5064780436","display_name":"Boliang Zheng","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I59649739","display_name":"Jiangxi University of Finance and Economics","ror":"https://ror.org/03efmyj29","country_code":"CN","type":"education","lineage":["https://openalex.org/I59649739"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Boliang Zheng","raw_affiliation_strings":["School of Accountancy, Jiangxi University of Finance and Economics, Nanchang, China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"School of Accountancy, Jiangxi University of Finance and Economics, Nanchang, China","institution_ids":["https://openalex.org/I59649739"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5100452144","display_name":"Xiaoming Li","orcid":"https://orcid.org/0000-0003-1723-5810","observed_orcids":["https://orcid.org/0000-0003-1723-5810","https://orcid.org/0000-0003-3467-7100"]},"institutions":[{"id":"https://openalex.org/I51158804","display_name":"Massey University","ror":"https://ror.org/052czxv31","country_code":"NZ","type":"education","lineage":["https://openalex.org/I51158804"]}],"countries":["NZ"],"is_corresponding":false,"raw_author_name":"Xiaoming Li","raw_affiliation_strings":["School of Economics and Finance, Massey University, Auckland, New Zealand"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"School of Economics and Finance, Massey University, Auckland, New Zealand","institution_ids":["https://openalex.org/I51158804"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5009906089"],"corresponding_institution_ids":["https://openalex.org/I51158804"],"apc_list":null,"apc_paid":null,"fwci":2.3117,"has_fulltext":true,"cited_by_count":13,"citation_normalized_percentile":{"value":0.90813994,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":87,"max":97},"biblio":{"volume":"07","issue":"06","first_page":"1770","last_page":"1793"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.6323000192642212,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and 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"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.6323000192642212,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and 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"}},{"id":"https://openalex.org/T11059","display_name":"Market Dynamics and Volatility","score":0.3230000138282776,"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/T10503","display_name":"Global Financial Crisis and Policies","score":0.019500000402331352,"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/commodity-prices","display_name":"commodity prices","score":0.9330000281333923},{"id":"https://openalex.org/keywords/exchange-rates","display_name":"exchange rates","score":0.9729999899864197},{"id":"https://openalex.org/keywords/commodity-price-indices","display_name":"commodity price indices","score":0.5270000100135803},{"id":"https://openalex.org/keywords/exchange-rate-forecasting","display_name":"exchange rate forecasting","score":0.9200000166893005},{"id":"https://openalex.org/keywords/random-walks","display_name":"random walks","score":0.6060000061988831},{"id":"https://openalex.org/keywords/floating-exchange-rate-regime","display_name":"floating exchange rate regime","score":0.7360000014305115},{"id":"https://openalex.org/keywords/primary-commodity-exports","display_name":"primary commodity exports","score":0.5889999866485596},{"id":"https://openalex.org/keywords/australia","display_name":"Australia","score":0.640999972820282},{"id":"https://openalex.org/keywords/new-zealand","display_name":"New Zealand","score":0.9100000262260437},{"id":"https://openalex.org/keywords/out-of-sample-forecasting","display_name":"out-of-sample forecasting","score":0.5759999752044678}],"concepts":[{"id":"https://openalex.org/C2779439359","wikidata":"https://www.wikidata.org/wiki/Q317088","display_name":"Commodity","level":2,"score":0.823285698890686},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.7480486631393433},{"id":"https://openalex.org/C2776988154","wikidata":"https://www.wikidata.org/wiki/Q66100","display_name":"Exchange rate","level":2,"score":0.7368320822715759},{"id":"https://openalex.org/C141121606","wikidata":"https://www.wikidata.org/wiki/Q8142","display_name":"Currency","level":2,"score":0.6052974462509155},{"id":"https://openalex.org/C2776291640","wikidata":"https://www.wikidata.org/wiki/Q2912517","display_name":"Value (mathematics)","level":2,"score":0.5981817841529846},{"id":"https://openalex.org/C198531522","wikidata":"https://www.wikidata.org/wiki/Q485146","display_name":"Sample (material)","level":2,"score":0.525299608707428},{"id":"https://openalex.org/C175992601","wikidata":"https://www.wikidata.org/wiki/Q5153179","display_name":"Commodity swap","level":3,"score":0.49282196164131165},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.48521140217781067},{"id":"https://openalex.org/C58823610","wikidata":"https://www.wikidata.org/wiki/Q746418","display_name":"Liberalization","level":2,"score":0.43804416060447693},{"id":"https://openalex.org/C2776667075","wikidata":"https://www.wikidata.org/wiki/Q2922469","display_name":"Commodity market","level":2,"score":0.42125698924064636},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.32460659742355347},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.30186426639556885},{"id":"https://openalex.org/C34447519","wikidata":"https://www.wikidata.org/wiki/Q179522","display_name":"Market economy","level":1,"score":0.10101914405822754},{"id":"https://openalex.org/C106306483","wikidata":"https://www.wikidata.org/wiki/Q183984","display_name":"Futures contract","level":2,"score":0.0813295841217041},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.08066612482070923},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0},{"id":"https://openalex.org/C119857082","wikidata":"https://www.wikidata.org/wiki/Q2539","display_name":"Machine learning","level":1,"score":0.0},{"id":"https://openalex.org/C43617362","wikidata":"https://www.wikidata.org/wiki/Q170050","display_name":"Chromatography","level":1,"score":0.0},{"id":"https://openalex.org/C185592680","wikidata":"https://www.wikidata.org/wiki/Q2329","display_name":"Chemistry","level":0,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.4236/tel.2017.76120","doi":"https://doi.org/10.4236/tel.2017.76120","is_oa":true,"landing_page_url":"https://doi.org/10.4236/tel.2017.76120","pdf_url":"http://www.scirp.org/journal/PaperDownload.aspx?paperID=79731","source":{"id":"https://openalex.org/S2764708357","display_name":"Theoretical Economics Letters","issn_l":"2162-2078","issn":["2162-2078","2162-2086"],"is_oa":true,"is_in_doaj":false,"is_core":true,"listed_in":["anvur-scientific","cwts-core"],"host_organization":"https://openalex.org/P4310320480","host_organization_name":"Scientific Research Publishing","host_organization_lineage":["https://openalex.org/P4310320480"],"host_organization_lineage_names":["Scientific Research Publishing"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Theoretical Economics Letters","raw_type":"journal-article"}],"best_oa_location":{"id":"doi:10.4236/tel.2017.76120","doi":"https://doi.org/10.4236/tel.2017.76120","is_oa":true,"landing_page_url":"https://doi.org/10.4236/tel.2017.76120","pdf_url":"http://www.scirp.org/journal/PaperDownload.aspx?paperID=79731","source":{"id":"https://openalex.org/S2764708357","display_name":"Theoretical Economics Letters","issn_l":"2162-2078","issn":["2162-2078","2162-2086"],"is_oa":true,"is_in_doaj":false,"is_core":true,"listed_in":["anvur-scientific","cwts-core"],"host_organization":"https://openalex.org/P4310320480","host_organization_name":"Scientific Research Publishing","host_organization_lineage":["https://openalex.org/P4310320480"],"host_organization_lineage_names":["Scientific Research Publishing"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Theoretical Economics Letters","raw_type":"journal-article"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W2755893284.pdf","grobid_xml":"https://content.openalex.org/works/W2755893284.grobid-xml"},"referenced_works_count":13,"referenced_works":["https://openalex.org/W103729650","https://openalex.org/W1549417947","https://openalex.org/W1572930125","https://openalex.org/W1965843804","https://openalex.org/W1988044166","https://openalex.org/W2025483505","https://openalex.org/W2033371825","https://openalex.org/W2088599227","https://openalex.org/W2134525612","https://openalex.org/W2138675977","https://openalex.org/W2144222878","https://openalex.org/W2994254526","https://openalex.org/W4249726876"],"related_works":["https://openalex.org/W2782986085","https://openalex.org/W2483719232","https://openalex.org/W3122371073","https://openalex.org/W7098938517","https://openalex.org/W1428585206","https://openalex.org/W263896985","https://openalex.org/W7095118140","https://openalex.org/W3138640956","https://openalex.org/W103729650","https://openalex.org/W3008426754"],"abstract_inverted_index":{"This":[0],"paper":[1],"investigates":[2],"the":[3,7,11,61,64,85,89,98,106,110,122],"dynamic":[4],"relationship":[5,62,83],"between":[6,63,84],"commodity":[8,52,56,90,99,145],"price":[9,57,91,100],"and":[10,16,23,73,81,88,128,147],"exchange":[12,86,112,116,153],"rate":[13,87,117,154],"in":[14],"Australia":[15,22],"New":[17,24],"Zealand.":[18,25],"We":[19],"focus":[20],"on":[21,137,143],"Not":[26],"only":[27],"do":[28],"their":[29,37,41,159],"primary":[30,144],"commodities":[31],"account":[32],"for":[33,125,139],"significant":[34],"shares":[35],"of":[36,66,78,109,158],"exports,":[38],"but":[39],"also":[40],"currencies":[42],"share":[43],"some":[44,134],"distinctive":[45],"characteristics":[46],"that":[47,97,141],"are":[48],"unique":[49],"from":[50,69],"other":[51],"currencies.":[53],"Using":[54],"country-specific":[55],"indices,":[58],"we":[59],"examine":[60],"departure":[65],"currency":[67],"value":[68,72],"its":[70],"fair":[71],"fundamental":[74],"macroeconomic":[75],"variables.":[76],"Evidence":[77],"a":[79],"strong":[80],"robust":[82],"has":[92],"been":[93],"found.":[94],"Results":[95],"indicate":[96],"can":[101],"be":[102],"used":[103],"to":[104,149],"improve":[105],"forecast":[107],"ability":[108],"future":[111],"rate.":[113],"Our":[114],"commodity-price-augmented":[115],"forecasting":[118],"model":[119],"consistently":[120],"outperforms":[121],"random-walk":[123],"model,":[124],"both":[126],"in-sample":[127],"out-of-sample":[129],"forecasting.":[130],"These":[131],"results":[132],"shed":[133],"extra":[135],"lights":[136],"policymaking":[138],"countries":[140],"rely":[142],"production,":[146],"attempt":[148],"move":[150],"towards":[151],"floating":[152],"regimes":[155],"as":[156],"part":[157],"global":[160],"market":[161],"liberalization":[162],"process.":[163]},"counts_by_year":[{"year":2025,"cited_by_count":3},{"year":2024,"cited_by_count":3},{"year":2022,"cited_by_count":2},{"year":2021,"cited_by_count":1},{"year":2020,"cited_by_count":1},{"year":2019,"cited_by_count":2},{"year":2018,"cited_by_count":1}],"updated_date":"2026-10-30T12:39:25.321706","created_date":"2017-09-25T00:00:00"}
