<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>This paper aims to test the long-run and short-run relationships between the Indian and Chinese metal futures markets using the weekly closing prices of three nonferrous metals, that is, copper, aluminium, and zinc, for the period of 2009–2020. The empirical results show no cointegration for any of the three metals. The Granger causality test suggests a unidirectional relationship from India to China for copper futures and bidirectional causality for aluminium and zinc futures markets. This paper contributes to the literature by studying the relationship between the mentioned two emerging markets, which are top producers and consumers in commodities and have growing futures markets. The results have important implications for investors, portfolio makers, and policymakers of emerging economies.</p>
</abstract>

This paper aims to test the long-run and short-run relationships between the Indian and Chinese metal futures markets using the weekly closing prices of three nonferrous metals, that is, copper, aluminium, and zinc, for the period of 2009–2020. The empirical results show no cointegration for any of the three metals. The Granger causality test suggests a unidirectional relationship from India to China for copper futures and bidirectional causality for aluminium and zinc futures markets. This paper contributes to the literature by studying the relationship between the mentioned two emerging markets, which are top producers and consumers in commodities and have growing futures markets. The results have important implications for investors, portfolio makers, and policymakers of emerging economies.

Indian and Chinese Metal Futures Markets: A Linkage Analysis

Acta Universitatis Sapientiae, Economics and Business

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

{"article-title":"Indian and Chinese Metal Futures Markets: A Linkage Analysis"}

This paper aims to test the long-run and short-run relationships between the Indian and Chinese metal futures markets using the weekly closing prices of three...

Indian and Chinese Metal Futures Markets: A Linkage Analysis

Pubblicato online: 13 ott 2022

Pagine: 1 - 14

DOI: https://doi.org/10.2478/auseb-2022-0001

Parole chiave
short-run relationship, long-run relationship, Granger causality, cointegration, futures market

© 2022 Ravi Kumar, et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Indian and Chinese Metal Futures Markets: A Linkage Analysis

Pubblicato online: 13 ott 2022

Pagine: 1 - 14

DOI: https://doi.org/10.2478/auseb-2022-0001

Parole chiaveshort-run relationship, long-run relationship, Granger causality, cointegration, futures market

© 2022 Ravi Kumar, et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Parole chiave
short-run relationship, long-run relationship, Granger causality, cointegration, futures market