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Effects of Economic Growth, Technology Change, Consumption Pattern Change, and Foreign Trade on Domestic Demand for Primary Metals, 1963-82

机译:1963 - 82年经济增长,技术变化,消费模式变化和对外贸易对初级金属国内需求的影响

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The report is based upon an interindustry analysis from 1963 through 1982, during which time U.S. metals consumption and production did not keep pace with economic growth. The report discusses three sources of change: economic growth, technological change, and composition of final demand, as well as the relative importance of the individual components of final demand for metals. The results show investment and personal consumption to be the most metal-intensive components of final demand, and technological change to be the major cause of decline in consumption growth during the study period. A trade analysis shows the significance of import growth, particularly indirect imports (metal contained in imported goods) as a factor contributing to the reduced growth rate of domestic metal production. The effect of import growth is partially offset by indirect export growth, suggesting that continued increase of all U.S. exports can have a strong effect in reducing the negative trade balance in metals.

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