---
title: Regime Switching in Commodity Prices
url: https://www.ml-quant.com/papers/repec/taf-apeclt-v-31-y-2024-i-4-p-338-345/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-09-26
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
identifier: RePEc:taf:apeclt:v:31:y:2024:i:4:p:338-345
source_url: https://econpapers.repec.org/scripts/redir.pf?u=http%3A%2F%2Fhdl.handle.net%2F10.1080%2F13504851.2022.2133892%3Bh%3Drepec%3Ataf%3Aapeclt%3Av%3A31%3Ay%3A2024%3Ai%3A4%3Ap%3A338-345
featured: 2024-02-21
citations: unknown
topic: Econometrics & Forecasting
---


# Regime Switching in Commodity Prices

A study from 1959 to 2022 using a 3-state Markov-switching model found that oil prices are more volatile than copper prices, reacting more to market cartelization, war episodes, and global demand shifts.

- Source: https://econpapers.repec.org/scripts/redir.pf?u=http%3A%2F%2Fhdl.handle.net%2F10.1080%2F13504851.2022.2133892%3Bh%3Drepec%3Ataf%3Aapeclt%3Av%3A31%3Ay%3A2024%3Ai%3A4%3Ap%3A338-345
- Identifier: RePEc:taf:apeclt:v:31:y:2024:i:4:p:338-345
- Released: 2024-02-21
- First featured: Quant Letter No. 38 (2024-02-21): https://www.ml-quant.com/issues/2024-02-21/
- Citations (Semantic Scholar): not tracked
- Published in: not yet
- Topic: Econometrics & Forecasting

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