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 …-intensive activities, their demand for commodities may plateau. This paper estimates income elasticities of demand for a range of energy … and GDP growth slows, growth in demand for commodities may also slow. Based on current population and GDP growth forecasts …