Rapid growth among the major emerging markets over the past 20 years has boosted global demand for commodities. The seven largest emerging markets accounted for almost all the increase in global consumption of metals, and two-thirds of the increase in energy consumption over this period. As emerging market economies mature and shift towards less commodity-intensive activities, their demand for commodities may plateau. This paper estimates income elasticities...
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INFORMATION
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2018/06/26
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Document de travail de recherche sur les politiques
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WPS8495
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1
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1
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2018/06/26
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Disclosed
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The role of major emerging markets in global commodity demand
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consumption
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