World demand for cobalt: An econometric study |
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Authors: | Poonam Gupta Sanjeev Gupta |
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Institution: | Government College, Federation House, Tansen Marg, New Delhi, India;Federation of Indian Chambers of Commerce and Industry, Federation House, Tansen Marg, New Delhi, India |
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Abstract: | This article analyses the world demand for cobalt. It estimates short- and long-run elasticities with respect to price, activity and in some cases with respect to substitute-complement variables. For the USA these estimates have been obtained for all the important end-use categories. Aggregate elasticities are estimated for Japan, West Germany, France and for the non-communist world (excluding the USA). The appendix to the paper models price setting in the cobalt market and presents two simple simulations conducted on the world cobalt market. |
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Keywords: | Cobalt Demand Econometrics |
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