IDEAS home Printed from https://ideas.repec.org/a/eee/jrpoli/v80y2023ics0301420722006389.html
   My bibliography  Save this article

A comparison of copper use in China and India as a proxy for their economic development

Author

Listed:
  • Renaud, Karine M.
  • Manley, Ross
  • Nassar, Nedal T.

Abstract

The analysis examines the interconnection between copper flows into use (copper intensity of use) and the wider economic structures of China and India by presenting a copper flow model for years 2000, 2005, 2010, and 2015 and conducting regression analysis for the period 1999 to 2015. The copper flow model illustrates China’s shift in focus from copper mining to manufacturing. The model shows mining/milling is the stage with the lowest production in copper for both countries. From 2000 to 2015, copper ore processed in China increased by 188%, while domestic finished goods production and copper flows into use experienced a rapid growth of 390% and 331%, respectively. The ore processed in India decreased by 19% from 2000 to 2015. India’s domestic finished goods production and copper flows into use grew by 178% and by 182%, respectively, during the same period. From 2000 to 2015, China’s net imports of concentrates increased by 719%, while India’s grew by 300%. In contrast, China is a net exporter of copper contained in finished goods, while India is a net importer of copper contained finished goods. China’s net exports increased by 1182%, India’s net imports by 344% over the same time period. Regression analysis indicates that both the degree of investment as a percentage of GDP and unobserved heterogeneity between China and India help to explain the difference in copper intensity of use between China and India for the period from 1999 to 2015.

Suggested Citation

  • Renaud, Karine M. & Manley, Ross & Nassar, Nedal T., 2023. "A comparison of copper use in China and India as a proxy for their economic development," Resources Policy, Elsevier, vol. 80(C).
    • Handle: RePEc:eee:jrpoli:v:80:y:2023:i:c:s0301420722006389
    DOI: 10.1016/j.resourpol.2022.103195
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0301420722006389
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.resourpol.2022.103195?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Srinivasan, T. N., 2004. "China and India: economic performance, competition and cooperation: an update," Journal of Asian Economics, Elsevier, vol. 15(4), pages 613-636, August.
    2. Yue, Q. & Lu, Z.W. & Zhi, S.K., 2009. "Copper cycle in China and its entropy analysis," Resources, Conservation & Recycling, Elsevier, vol. 53(12), pages 680-687.
    3. Chen, Wei-Qiang & Graedel, T.E., 2012. "Dynamic analysis of aluminum stocks and flows in the United States: 1900–2009," Ecological Economics, Elsevier, vol. 81(C), pages 92-102.
    4. Guo, Xueyi & Song, Yu, 2008. "Substance flow analysis of copper in China," Resources, Conservation & Recycling, Elsevier, vol. 52(6), pages 874-882.
    5. Li, Liquan & Pan, De’an & Li, Bin & Wu, Yufeng & Wang, Huaidong & Gu, Yifan & Zuo, Tieyong, 2017. "Patterns and challenges in the copper industry in China," Resources, Conservation & Recycling, Elsevier, vol. 127(C), pages 1-7.
    6. Kapur, Amit, 2006. "The future of the red metal—A developing country perspective from India," Resources, Conservation & Recycling, Elsevier, vol. 47(2), pages 160-182.
    7. Claudia R. Binder & T. E. Graedel & Barbara Reck, 2006. "Explanatory Variables for per Capita Stocks and Flows of Copper and Zinc," Journal of Industrial Ecology, Yale University, vol. 10(1‐2), pages 111-132, January.
    8. L. Alan Winters & Shahid Yusuf, 2007. "Dancing with the Giants: China, India, and the Global Economy," World Bank Publications - Books, The World Bank Group, number 6632.
    9. Barry Bosworth & Susan M. Collins, 2008. "Accounting for Growth: Comparing China and India," Journal of Economic Perspectives, American Economic Association, vol. 22(1), pages 45-66, Winter.
    10. Ranajoy Bhattacharyya & Avijit Mandal, 2014. "Estimating the Impact of the India–ASEAN Free Trade Agreement on Indian Industries," South Asia Economic Journal, Institute of Policy Studies of Sri Lanka, vol. 15(1), pages 93-114, March.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Enrico Marelli & Marcello Signorelli, 2011. "China and India: Openness, Trade and Effects on Economic Growth," European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 8(1), pages 129-154, June.
    2. Yue, Qiang & Wang, Heming & Gao, Chengkang & Du, Tao & Li, Mingjun & Lu, Zhongwu, 2016. "Analysis of iron in-use stocks in China," Resources Policy, Elsevier, vol. 49(C), pages 315-322.
    3. Lu, Bin & Liu, Jingru & Yang, Jianxin, 2017. "Substance flow analysis of lithium for sustainable management in mainland China: 2007–2014," Resources, Conservation & Recycling, Elsevier, vol. 119(C), pages 109-116.
    4. Chen, Wu & Wang, Minxi & Li, Xin, 2016. "Analysis of copper flows in the United States: 1975–2012," Resources, Conservation & Recycling, Elsevier, vol. 111(C), pages 67-76.
    5. Matthieu Bussière & Arnaud Mehl, 2008. "China's and India's roles in global trade and finance - twin titans for the new millennium?," Occasional Paper Series 80, European Central Bank.
    6. Abubakr Saeed & Syed Shafqat Mukarram & Yacine Belghitar, 2021. "Read between the lines: Board gender diversity, family ownership, and risk‐taking in Indian high‐tech firms," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(1), pages 185-207, January.
    7. John Whalley & Tanmaya Shekhar, 2010. "The Rapidly Deepening India-China Economic Relationship," CESifo Working Paper Series 3183, CESifo.
    8. Douhan, Robin & Nordberg, Anders, 2007. "Is the elephant stepping on its trunk? The problem of India´s unbalanced growth," Working Paper Series 2007:16, Uppsala University, Department of Economics.
    9. Hölscher, Jens & Marelli, Enrico & Signorelli, Marcello, 2010. "China and India in the global economy," Economic Systems, Elsevier, vol. 34(3), pages 212-217, September.
    10. Ray, Ranjan & Mishra, Ankita, 2012. "Multi-dimensional deprivation in the awakening giants: A comparison of China and India on micro data," Journal of Asian Economics, Elsevier, vol. 23(4), pages 454-465.
    11. Syed Shafqat Mukarram & Abubakr Saeed & Shawkat Hammoudeh & Muhammad Mustafa Raziq, 2018. "Women on Indian boards and market performance: a role-congruity theory perspective," Asian Business & Management, Palgrave Macmillan, vol. 17(1), pages 4-36, February.
    12. Oleg Badunenko & Kiril Tochkov, 2010. "Soaring dragons, roaring tigers, growling bears," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 18(3), pages 539-570, July.
    13. Wang, Minxi & Chen, Wu & Li, Xin, 2015. "Substance flow analysis of copper in production stage in the U.S. from 1974 to 2012," Resources, Conservation & Recycling, Elsevier, vol. 105(PA), pages 36-48.
    14. Zhang, Ling & Wang, Liang & Wang, Miaomiao & Yuan, Zengwei, 2024. "Multilevel analysis of copper resource reallocation in the anthroposphere through international trade," Resources Policy, Elsevier, vol. 88(C).
    15. Joseph Francois & Bernard Hoekman, 2010. "Services Trade and Policy," Journal of Economic Literature, American Economic Association, vol. 48(3), pages 642-692, September.
    16. Bussolo Maurizio & de Hoyos Rafael E. & Medvedev Denis & van der Mensbrugghe Dominique, 2012. "Global Growth and Distribution: China, India, and the Emergence of a Global Middle Class," Journal of Globalization and Development, De Gruyter, vol. 2(2), pages 1-29, January.
    17. Castelló-Climent, Amparo & Mukhopadhyay, Abhiroop, 2013. "Mass education or a minority well educated elite in the process of growth: The case of India," Journal of Development Economics, Elsevier, vol. 105(C), pages 303-320.
    18. Los, Bart & Timmer, Marcel P. & de Vries, Gaaitzen J., 2015. "How important are exports for job growth in China? A demand side analysis," Journal of Comparative Economics, Elsevier, vol. 43(1), pages 19-32.
    19. Kumar, Nikeel Nishkar & Patel, Arvind, 2023. "Nonlinear effect of air travel tourism demand on economic growth in Fiji," Journal of Air Transport Management, Elsevier, vol. 109(C).
    20. Richard Baldwin & Theresa Carpenter, 2010. "A 3-Bloc Dance: East Asian Regionalism And The North Atlantic Trade Giants," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 55(01), pages 27-47.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:jrpoli:v:80:y:2023:i:c:s0301420722006389. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/30467 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.