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The World Bank Economic Review Advance Access originally published online on January 31, 2007
The World Bank Economic Review 2007 21(1):151-163; doi:10.1093/wber/lhl013
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© The Author 2007. Published by Oxford University Press on behalf of the International Bank for Reconstruction and Development / THE WORLD BANK. All rights reserved. For permissions, please e-mail: journals.permissions@oxfordjournals.org

A Short Note on Updating the Grilli and Yang Commodity Price Index

Stephan Pfaffenzeller, Paul Newbold, and Anthony Rayner

Correspondence: s.pfaffenzeller{at}liverpool.ac.uk

JEL codes: O13, F1

The Grilli and Yang commodity price index is one of the most widely used commodity price series in the applied economics literature. This note provides some practical advice on updating this data series by listing the base period index values, identifying relevant data sources, and describing a method for computing subindex weights.

Stephan Pfaffenzeller (corresponding author) is a lecturer in economics at the University of Liverpool; his email address is s.pfaffenzeller{at}liverpool.ac.uk. Paul Newbold is a professor of econometrics at the University of Nottingham; his email address is paul.newbold{at}nottingham.ac.uk. Anthony Rayner is emeritus professor of economics at the University of Nottingham; his email address is anthony.rayner{at}nottingham.ac.uk.


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