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Lithium: Production and estimated consumption. Evidence of persistence

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  • Gil-Alana, Luis A.
  • Monge, Manuel

Abstract

Understanding the behavior of the lithium supply and the estimated consumption and flows is important for social and economic development. We focus on estimating persistence and for this purpose, we use techniques based on fractional integration. The empirical results provide evidence of mean reversion for the data corresponding to the global lithium production from 1925 to 2014 but not for U.S. lithium-related series such as production (1900–2008), estimated consumption (1900–2014), imports (1960–2015), and exports (1971–2015).

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  • Gil-Alana, Luis A. & Monge, Manuel, 2019. "Lithium: Production and estimated consumption. Evidence of persistence," Resources Policy, Elsevier, vol. 60(C), pages 198-202.
    • Handle: RePEc:eee:jrpoli:v:60:y:2019:i:c:p:198-202
    DOI: 10.1016/j.resourpol.2019.01.006
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    References listed on IDEAS

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    Cited by:

    1. Monge, Manuel & Gil-Alana, Luis A., 2021. "Lithium industry and the U.S. crude oil prices. A fractional cointegration VAR and a Continuous Wavelet Transform analysis," Resources Policy, Elsevier, vol. 72(C).
    2. Tong Pan & Jianzhou Chen & Mao-Yong He & Chengwang Ding & Yuliang Ma & Hui Liang & Tao Zhang & Xiaochun Du, 2023. "Characterization and Resource Potential of Li in the Clay Minerals of Mahai Salt Lake in the Qaidam Basin, China," Sustainability, MDPI, vol. 15(19), pages 1-18, September.
    3. Manuel Monge & Luis A. Gil-Alana, 2020. "The Lithium Industry and Analysis of the Beta Term Structure of Oil Companies," Risks, MDPI, vol. 8(4), pages 1-17, December.
    4. Su, Chi Wei & Shao, Xuefeng & Jia, Zhijie & Nepal, Rabindra & Umar, Muhammad & Qin, Meng, 2023. "The rise of green energy metal: Could lithium threaten the status of oil?," Energy Economics, Elsevier, vol. 121(C).
    5. Sterba, Jiri & Krzemień, Alicja & Riesgo Fernández, Pedro & Escanciano García-Miranda, Carmen & Fidalgo Valverde, Gregorio, 2019. "Lithium mining: Accelerating the transition to sustainable energy," Resources Policy, Elsevier, vol. 62(C), pages 416-426.
    6. Wang, Xiao-Qing & Qin, Meng & Moldovan, Nicoleta-Claudia & Su, Chi-Wei, 2023. "Bubble behaviors in lithium price and the contagion effect: An industry chain perspective," Resources Policy, Elsevier, vol. 83(C).

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    More about this item

    Keywords

    Lithium consumption; Lithium production; Fractional integration;
    All these keywords.

    JEL classification:

    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • Q21 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Demand and Supply; Prices
    • F01 - International Economics - - General - - - Global Outlook

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