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The UK demand for steel

Author

Listed:
  • A. J. Abbott
  • K. A. Lawler
  • C. Armistead

Abstract

The paper suggests a short-run model of the demand for steel that may be used for forecasting future trends. The paper commences with consideration of a long-run model which is estimated using cointegration analysis. An error correction model is then developed to depict the short-run movements to equilibrium. This can be used for the purpose of ex-post forecasting.

Suggested Citation

  • A. J. Abbott & K. A. Lawler & C. Armistead, 1999. "The UK demand for steel," Applied Economics, Taylor & Francis Journals, vol. 31(11), pages 1299-1302.
    • Handle: RePEc:taf:applec:v:31:y:1999:i:11:p:1299-1302
    DOI: 10.1080/000368499323175
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    References listed on IDEAS

    as
    1. Johansen, Soren, 1988. "Statistical analysis of cointegration vectors," Journal of Economic Dynamics and Control, Elsevier, vol. 12(2-3), pages 231-254.
    2. Hashimoto, Hideo, 1983. "A world iron and steel economy model: A projection for 1980-1995," Journal of Policy Modeling, Elsevier, vol. 5(3), pages 379-396, November.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Evans, Mark, 2011. "Steel consumption and economic activity in the UK: The integration and cointegration debate," Resources Policy, Elsevier, vol. 36(2), pages 97-106, June.

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