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dc.contributor.authorKlovland, Jan Tore
dc.date.accessioned2006-06-26T12:35:18Z
dc.date.available2006-06-26T12:35:18Z
dc.date.issued2002-12
dc.identifier.isbn82-491-0239-8 (trykt versjon)
dc.identifier.issn0803-4036
dc.identifier.urihttp://hdl.handle.net/11250/165223
dc.description.abstractThe empirical analysis shows that cycles in economic activity are major determinants of the short-run behaviour of shipping freight rates in the years between 1850 and WWI. Consistent with economic theory there is a striking asymmetry between the peaks and troughs of shipping cycles, however. There is often a close timing relationship between the upper turning points of the business cycle, commodity prices and freight rates, which is shown to be particularly tight in the grand peak years of 1873, 1889, 1900 and 1912. On the other hand, the dating of the lower turning points of the freight rate cycles is often more indeterminate, differing considerably between the various trade routes and being generally less well synchronized with the business cycle troughs.en
dc.format.extent346714 bytes
dc.format.mimetypeapplication/pdf
dc.language.isoengen
dc.publisherSNFen
dc.relation.ispartofseriesReporten
dc.relation.ispartofseries2002:48en
dc.titleBusiness cycles, commodity prices and shipping freight rates : some evidence from the pre-WWI perioden
dc.typeResearch reporten


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