Is the Intensity of Copper Use Still Declining in the USA?

Roger S. Hutchison and John E. Tilton

Natural Resources Forum, 1987, vol. 11, issue 4, 325-334

Abstract: This article examines several deficiencies in the standard procedure for calculating the intensity of metal use. It then investigates the possibility that the long‐term decline in the intensity of copper use in the USA, which has persisted for more than four decades, has in recent years come to an end, even though the standard measures of intensity of use indicate a continuation of the downward trend, albeit at a slower rate. If true, the implications are significant for the copper industry worldwide, because the USA is the largest national market for copper. In addition, consumption trends in many other countries in some respects follow those in the USA. The results do provide some support for the hypothesis that intensity of copper use in the USA is no longer falling. They also indicate that the standard procedure significantly underestimates USA copper consumption and in turn intensity of use.

Date: 1987
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https://doi.org/10.1111/j.1477-8947.1987.tb00003.x

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Persistent link: https://EconPapers.repec.org/RePEc:wly:natres:v:11:y:1987:i:4:p:325-334

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