Mineral commodity consumption and intensity of use re-assessed
Viviana Fernandez
International Review of Financial Analysis, 2018, vol. 59, issue C, 1-18
Abstract:
This article considers twenty-five countries—including high-, upper-middle, and lower-middle income ones—with available information on per capita consumption of seven major metals—steel, aluminum, copper, lead, nickel, tin, and zinc—for the 41-year period of 1975–2015. Based on an auto-regressive distributed lag (ARDL) model, short- and long-run per-capita consumption equations are estimated. In addition, the intensity of use (IOU) hypothesis, which establishes that intensity of metal use (i.e., total metal consumption/GDP) depends on economic development, is re-assessed for these mineral commodities.
Keywords: China; Industrial metal consumption; Intensity of use; Heterogeneous dynamic panel (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (10)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finana:v:59:y:2018:i:c:p:1-18
DOI: 10.1016/j.irfa.2018.05.003
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