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Is the Intensity of Copper Use Still Declining in the USA?

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  • ROGER S. HUTCHISON
  • JOHN E. TILTON

Abstract

This article examines several deficiencies in the standard procedure for calculating the intensity of metal use. It then investigates the possibility that the long‐term decline in the intensity of copper use in the USA, which has persisted for more than four decades, has in recent years come to an end, even though the standard measures of intensity of use indicate a continuation of the downward trend, albeit at a slower rate. If true, the implications are significant for the copper industry worldwide, because the USA is the largest national market for copper. In addition, consumption trends in many other countries in some respects follow those in the USA. The results do provide some support for the hypothesis that intensity of copper use in the USA is no longer falling. They also indicate that the standard procedure significantly underestimates USA copper consumption and in turn intensity of use.

Suggested Citation

  • Roger S. Hutchison & John E. Tilton, 1987. "Is the Intensity of Copper Use Still Declining in the USA?," Natural Resources Forum, Blackwell Publishing, vol. 11(4), pages 325-334, November.
    • Handle: RePEc:wly:natres:v:11:y:1987:i:4:p:325-334
    DOI: 10.1111/j.1477-8947.1987.tb00003.x
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    Cited by:

    1. R.A. Greig, 1995. "Global Metal Markets: Accounting for performance (Part 1/3)," Economics Discussion / Working Papers 95-04, The University of Western Australia, Department of Economics.
    2. Zauresh Atakhanova & Peter Howie, 2020. "Metal intensity of use in the era of global value chains," Mineral Economics, Springer;Raw Materials Group (RMG);Luleå University of Technology, vol. 33(1), pages 101-113, July.
    3. Arie ten Cate, 2006. "The derivatives of complex characteristic roots in the econometric modelling textbook of Kuh et al," CPB Memorandum 165.rdf, CPB Netherlands Bureau for Economic Policy Analysis.
    4. Paul Hek & Daniel Vuuren, 2011. "Are older workers overpaid? A literature review," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 18(4), pages 436-460, August.

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