RELATIONSHIP BETWEEN PRICE AND CONSUMPTION OF METALS

被引:3
作者
GEORGENTALIS, S
NUTTING, J
PHILLIPS, G
机构
[1] UNIV LEEDS,DEPT ECON,LEEDS LS2 9JT,W YORKSHIRE,ENGLAND
[2] UNIV LEEDS,DEPT MET,LEEDS LS2 9JT,W YORKSHIRE,ENGLAND
[3] UNIV LEEDS,DEPT ECONOMETR,LEEDS LS2 9JT,W YORKSHIRE,ENGLAND
关键词
D O I
10.1179/mst.1990.6.2.192
中图分类号
T [工业技术];
学科分类号
08 ;
摘要
The relationship between the average price P and the annual consumption C of some 14 metals has been assessed for the nine year period from 1975 to 1983. A relationship has been obtained of the form: Log P=log α +β log C. The value of the term β has been found to be about −2/3 in agreement with a previous study. The value of the term a has been found to depend upon the level of inflation expressed through the Consumer Price Index (CPI) and the level of industrial activity expressed through the world Index of Industrial Production (INDPRO). The results obtained are compared with other studies on the subject. © 1990 The Institute of Metals.
引用
收藏
页码:192 / 195
页数:4
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