ABSTRACT
The article explores the role of a new determinant that accounts for driving consumer prices, i.e. rare earth prices. Rare earths are used for many advanced manufacturing and military technologies. Performing a number of panel methodological approaches, panel cointegration findings support the initial insight of the authors and illustrate a positive effect on consumer prices across all rare earths.
Acknowledgements
The authors need to express their gratitude to a referee of this journal whose comments and suggestions enhanced the merit of this work. Special thanks also go to the Editor who gave us the opportunity to revise their work.
Disclosure statement
No potential conflict of interest was reported by the authors.