Metal Intensity in Comparative Historical Perspective: China, North Asia, the United States & the Kuznets Curve
The aim of this paper is to investigate the likely future path of China’s metal intensity by referencing the experience of relevant peers through initial engagement with a technology-led strategy and beyond. This question cuts to the very roots of Chinese long run economic strategy and performance. The broad conclusion is that there is no ‘silver bullet’ quantitative model that captures the dynamics of metal intensity through the entirety of the industrialisation process. Even the identification of a robust non-linear long run relationship between steel intensity and income per capita in the United States, styled here as the “metal intensity Kuznets curve”, does not overturn this position. Each national industrialisation process, its entry into the global strategic transition and its relationship to metal intensity, appears to be sui generis and should be dealt with accordingly. China will not continue to follow a metal intensity path similar to Korea’s for more than another decade. After that point, similarities with the Japanese and United States’ experiences will increase, but a distinct Chinese character will develop. The peak in Chinese steel usage per capita should occur within a handful of years from 2020.
|Date of creation:||Sep 2008|
|Date of revision:|
|Contact details of provider:|| Postal: |
Phone: +61 2 6125 3807
Fax: +61 2 6125 0744
Web page: https://sites.google.com/site/institutegdsEmail:
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Jane Golley & Rod Tyers, 2006. "Demographic Change and the Labour Supply Constraint," ANU Working Papers in Economics and Econometrics 2006-467, Australian National University, College of Business and Economics, School of Economics.
- Grossman, Gene M & Krueger, Alan B, 1995.
"Economic Growth and the Environment,"
The Quarterly Journal of Economics,
MIT Press, vol. 110(2), pages 353-77, May.
- Rod Tyers & Jane Golley, 2007. "China’s Real Exchange Rate," ANU Working Papers in Economics and Econometrics 2007-479, Australian National University, College of Business and Economics, School of Economics.
- Ross Garnaut & Stephen Howes & Frank Jotzo & Peter Sheehan, 2008. "Emissions in the Platinum Age: the implications of rapid development for climate-change mitigation," Oxford Review of Economic Policy, Oxford University Press, vol. 24(2), pages 377-401, Summer.
- Robert E. Lipsey, 1994. "U.S. Foreign Trade and the Balance of Payments, 1800-1913," NBER Working Papers 4710, National Bureau of Economic Research, Inc.
When requesting a correction, please mention this item's handle: RePEc:auu:wpaper:006. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Drew Treasure)
If references are entirely missing, you can add them using this form.