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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 …
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, commodity prices fall; weaker commodity prices depress domestic demand via lower real income; real GDP in emerging markets …
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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 …
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