An economic model of the US aluminium market |
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| Authors: | LA Fisher AD Owen |
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| Institution: | 1. Department of Economics, University of Minnesota, Minneapolis, MN 55455, USA;2. School of Economics, University of New South Wales, PO Box 1, Kensington, New South Wales 2033, Australia |
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| Abstract: | An economic model of the US aluminium industry is constructed and estimated with annual data over the period 1960–1978. The authors' analysis shows that both the short- and long-term price elasticities of demand are relatively low, and that demand is highly dependent on aluminium end-use activity. A forecasting exercise is also undertaken, and the errors of forecast calculated. |
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