Long Term Trends in Steel Consumption

20 Pages Posted: 15 Jun 2013

See all articles by Roland Doehrn

Roland Doehrn

Rheinisch-Westfalisches Institut fur Wirtschaftsforschung, Essen (Rhine-Westphalia Institute for Economic Research)

Karoline Krätschell

Ruhr University of Bochum

Date Written: May 2, 2013

Abstract

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 share since investment goods can be expected to be particularly steel intensive. Our analysis confirms that there seems to be an increase of steel demand in an initial stage of economic development and a decline after economies have reached a certain level of per capita income. Moreover, we find some evidence that carbon leakage do not seem to play a role in the steel sector.

Keywords: Steel consumption, intensity of use-hypothesis, carbon leakage

JEL Classification: L61, C33, Q53

Suggested Citation

Doehrn, Roland and Krätschell, Karoline, Long Term Trends in Steel Consumption (May 2, 2013). Available at SSRN: https://ssrn.com/abstract=2278867 or http://dx.doi.org/10.2139/ssrn.2278867

Roland Doehrn

Rheinisch-Westfalisches Institut fur Wirtschaftsforschung, Essen (Rhine-Westphalia Institute for Economic Research) ( email )

45128 Essen
Germany

Karoline Krätschell (Contact Author)

Ruhr University of Bochum ( email )

Universitätsstraße 150
Bochum, NRW 44780
Germany

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