Baffes, John; Kabundi, Alain; Nagle, Peter; Ohnsorge, … - 2018
Rapid growth among the major emerging markets over the past 20 years has boosted global demand for commodities. 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 of demand for a range of energy …