The Role of Income and Substitution in Commodity Demand

The Role of Income and Substitution in Commodity Demand

This paper presents estimates of time-varying income elasticities of demand for energy and metal commodities. The analysis finds that the elasticities are close to unity, evaluated at world median per capita income levels. Furthermore, the estimate...

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Bibliographic Details
Main Authors: Baffes, John, Kabundi, Alain, Nagle, Peter
Format: Working Paper
Language:English
Published: World Bank, Washington, DC 2020
Subjects:
COMMODITY CONSUMPTION
COMMODITY INTENSITY
ENERGY DEMAND
METAL DEMAND
SUBSTITUTION
SUBSTITUTABILITY
INCOME ELASTICITY
Online Access:http://documents.worldbank.org/curated/en/433811579795110765/The-Role-of-Income-and-Substitution-in-Commodity-Demand
http://hdl.handle.net/10986/33257

Internet

http://documents.worldbank.org/curated/en/433811579795110765/The-Role-of-Income-and-Substitution-in-Commodity-Demand
http://hdl.handle.net/10986/33257

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