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Liberalising European steel trade

journal contribution
posted on 2023-06-08, 07:29 authored by L. Alan WintersL. Alan Winters
This paper constructs a simple model of the steel sector in Europe distinguishing eight western and two eastern European regions. It models the production of steel and also the various trade restrictions extant in 1992. It uses this model first to calculate the output and welfare effects of rationalizing the sector to remove the excess capacity experienced in 1992 and second to explore the consequences of the mutual trade liberalization between east and west Europe envisaged under the Europe Agreements. The latter allow major increases in output in the east (18%) and offer western steel users significant welfare benefits (ECU 190 million). Eastern consumers and western producers suffer (smaller) loses, but total output in the EU falls only by about 1.5%.

History

Publication status

  • Published

Journal

European Economic Review

ISSN

0014-2921

Publisher

Elsevier

Issue

3-4

Volume

39

Page range

611-621

Pages

11.0

Department affiliated with

  • Economics Publications

Full text available

  • No

Peer reviewed?

  • Yes

Legacy Posted Date

2012-02-06

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