The Influence of Economic Factors on World Copper Production

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27350%2F22%3A10250371" target="_blank" >RIV/61989100:27350/22:10250371 - isvavai.cz</a>

Výsledek na webu

<a href="https://www.scopus.com/record/display.uri?eid=2-s2.0-85144361834&origin=resultslist&sort=plf-f&src=s&st1=The+influence+of+Economic+Factors+on+World+Copper+Production&sid=5cc74109a03c4e0fdbaffe474410c75b&sot=b&sdt=b&sl=75&s=TITLE-ABS-KEY%28The+influence+of+Economic+Factors+on+World+Copper+Production%29&relpos=0&citeCnt=0&searchTerm=" target="_blank" >https://www.scopus.com/record/display.uri?eid=2-s2.0-85144361834&origin=resultslist&sort=plf-f&src=s&st1=The+influence+of+Economic+Factors+on+World+Copper+Production&sid=5cc74109a03c4e0fdbaffe474410c75b&sot=b&sdt=b&sl=75&s=TITLE-ABS-KEY%28The+influence+of+Economic+Factors+on+World+Copper+Production%29&relpos=0&citeCnt=0&searchTerm=</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.29227/10.29227/IM-2022-01-06" target="_blank" >10.29227/10.29227/IM-2022-01-06</a>

Jazyk výsledku

angličtina

Název v původním jazyce

The Influence of Economic Factors on World Copper Production

Popis výsledku v původním jazyce

Copper is a very important mineral that has a wide application in industry, especially in the electrical industry and energy industry. With the increase in electromobility, its potential will grow in the future. Any shortage of copper on the world market could thus endanger modern industry. Therefore, the authors decided to deal with the influence of economic factors (price, population, GDP and cumulative inflation) on copper production and with creation of suitable econometric models that best expressing the relationship between production and economic factors for the period 2010-2019 in their article. The influence of economic factors on world copper production is examined using the Pearson correlation coefficient. It was found that copper production is inversely proportional to the price of copper, it is a strong dependence. In contrast, the correlation between copper production and other factors is very strong and positive. Using econometric modeling, it was discovered that exponential regression is the best expression for the relationship between copper production and its price and logarithmic regression most appropriate for the relationship between copper production and all other economic factors.

Název v anglickém jazyce

The Influence of Economic Factors on World Copper Production

Popis výsledku anglicky

Copper is a very important mineral that has a wide application in industry, especially in the electrical industry and energy industry. With the increase in electromobility, its potential will grow in the future. Any shortage of copper on the world market could thus endanger modern industry. Therefore, the authors decided to deal with the influence of economic factors (price, population, GDP and cumulative inflation) on copper production and with creation of suitable econometric models that best expressing the relationship between production and economic factors for the period 2010-2019 in their article. The influence of economic factors on world copper production is examined using the Pearson correlation coefficient. It was found that copper production is inversely proportional to the price of copper, it is a strong dependence. In contrast, the correlation between copper production and other factors is very strong and positive. Using econometric modeling, it was discovered that exponential regression is the best expression for the relationship between copper production and its price and logarithmic regression most appropriate for the relationship between copper production and all other economic factors.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

20703 - Mining and mineral processing

Projekt

—

Návaznosti

V - Vyzkumna aktivita podporovana z jinych verejnych zdroju

Rok uplatnění

2022

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Inżynieria Mineralna

ISSN

1640-4920

e-ISSN

1640-4920

Svazek periodika

49

Číslo periodika v rámci svazku

1

Stát vydavatele periodika

PL - Polská republika

Počet stran výsledku

6

Strana od-do

51-56

Kód UT WoS článku

000875645800006

EID výsledku v databázi Scopus

2-s2.0-85144361834