The Impact of Domestic Resource Cost on the Comparative Advantages of Iran Crude Steel Sector
AbstractSteel is fundamental material for many industries that could produced by blast furnace (BF) and direct reduced Iron technology (DRI) .these two technologies differ from each other in term of difference of production cost, energy consumption, investment and environment issues. The purpose of this paper is to investigate comparative advantages of these two technologies by using domestic resource cost (DRC) method. It provides a comparison between the domestic costs to produce a specific good with its value added at international prices, which was done by Mckay (1999), DHEHIBI (2009), Ruiz (2003) and Bonjec (2002). The result suggests that that although both two technologies have its own comparative advantages, the blast furnace method (BF) would be more preferable than direct reduced Iron technology (DRI).
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 26381.
Date of creation: 28 Dec 2009
Date of revision: 25 Oct 2010
Blast Furnace Technology; Direct Reduced Iron Technology; Crude Steel; Domestic Resource Cost; Shadow prices;
Find related papers by JEL classification:
- F12 - International Economics - - Trade - - - Models of Trade with Imperfect Competition and Scale Economies
- D20 - Microeconomics - - Production and Organizations - - - General
- F14 - International Economics - - Trade - - - Empirical Studies of Trade
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- Warr, Peter G, 1983. "Domestic Resource Cost as an Investment Criterion," Oxford Economic Papers, Oxford University Press, vol. 35(2), pages 302-06, July.
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