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This paper empirically investigates the effects of US safeguard protection on steel imports in 2002 on the mark-ups of …-product EU steel firms suffered relatively more from the protection than multi-product firms. Controlling for firm heterogeneity …, these results are robust to alternative specifications. Our evidence further suggests that US protection resulted in some …
Persistent link: https://www.econbiz.de/10012732541
The U.S. steel industry has a long history of being protected, first when it was an infant industry in 1791 and later as it became a mature industry and needed breathing room to allow it to restructure so that it could compete against more efficient foreign producers. In recent years the steel...
Persistent link: https://www.econbiz.de/10012980620
This paper empirically investigates the effects of US safeguard protection on steel imports in 2002 on the mark-ups of …-product EU steel firms suffered relatively more from the protection than multi-product firms. Controlling for firm heterogeneity …, these results are robust to alternative specifications. Our evidence further suggests that US protection resulted in some …
Persistent link: https://www.econbiz.de/10014053544
This paper begins with a discussion of what constitutes corporate welfare, then proceeds to apply the corporate welfare concept to the steel industry in the United States. A review is made of the various government supports that the steel industry has enjoyed since 1969. Studies have estimated...
Persistent link: https://www.econbiz.de/10014084457
The paper examines the Japanese steel industry to evaluate the role of export subsidy policies. Export subsidies can be instrumental in increasing an industry's cost competitiveness in the presence of learning by doing, a characteristic of production in the steel industry. Using a dynamic...
Persistent link: https://www.econbiz.de/10013492403
In the European Monetary Union the transnational coordination of collective wage bargaining has acquired increased importance on the trade union agenda. The metal sector has been at the forefront of these developments. This paper addresses the issue of crossborder coordination of wage setting in...
Persistent link: https://www.econbiz.de/10003979863
POSCO has played a major role in Korea’s economic development by supplying domestic manufacturers with high-quality, low-cost steel products. Despite its initial disadvantage and lack of resources such as capital, technology, and raw materials, it has emerged as a world-class steel maker in a...
Persistent link: https://www.econbiz.de/10003904178
Since the iron and steel sector contributes considerably to industrial CO2 emissions it is important to identify the underlying factors driving steel demand. Using a panel dataset this paper examines the interrelation of steel demand with GDP and its composition, in particular the investment...
Persistent link: https://www.econbiz.de/10009752226
The iron and steel industry is one of the most carbon emitting and energy consuming sectors in Europe. At the same time this sector is of high economic importance for the European Union. Therefore, while public environmental and energy policies target this sector, there is political concern that...
Persistent link: https://www.econbiz.de/10010225378
The iron and steel industry is one of the most carbon emitting and energy consuming sectors in Europe. At the same time this sector is of high economic importance for the European Union. Therefore, while public environmental and energy policies target this sector, there is political concern that...
Persistent link: https://www.econbiz.de/10010204039