Monday, February 1, 2010

The 2007-2012 World Outlook for Iron Ore Mining


The methodology of this book has been summarized in the following way.

In order to estimate the latent demand for iron ore mining on a worldwide basis, I used a multi-stage approach. Before applying the approach, one needs a basic theory from which such estimates are created. In this case, I heavily rely on the use of
certain basic economic assumptions. In particular, there is an assumption governing the shape and type of aggregate latent demand functions. Ignoring, for the moment, exogenous shocks and variations in utility across countries, the aggregate relation between income and consumption has been a central theme in economics.

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