IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Log in (now much improved!) to save this article

Trade-restriction policies ineffectiveness in the US steel industry

Listed author(s):
  • Amaechi Nkemakolem Nwaokoro
Registered author(s):

    This study examines the impact of the trade restrictions on steel imports in order to protect the US steel industry. During the period of 1963 to 1988, the industry experienced a tremendous decline in its output. Trade restrictions are implemented to limit steel imports. The overall goal of this study is to estimate the impact of the steel trade restriction regimes on the output of the industry. Beside foreign competition, the study addresses the impact of other factors - other shipments (nonsteel shipments) and the prices of steel substitutes - aluminum, and plastic and rubber that may have also caused variation in steel production. The study makes two major contributions. First, the study constructs the trade restriction regimes and other high-frequency monthly data set on steel output and factor prices. Second, output is modelled as a function of the trade restriction regimes, other shipments and factor prices. Regression results show that the protection regimes are not statistically significant to enhance output expansion. This implies policies ineffectiveness and invalidates the call for the trade restrictions. The other shipments variable enhances output demand while the prices of the steel substitutes do not. Given the results here and for the fact that the mini-mills were competitive during the regime periods, a competition, not protective trade may be warranted.

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL: http://www.informaworld.com/openurl?genre=article&doi=10.1080/13504850600770863&magic=repec&7C&7C8674ECAB8BB840C6AD35DC6213A474B5
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

    Article provided by Taylor & Francis Journals in its journal Applied Economics Letters.

    Volume (Year): 15 (2008)
    Issue (Month): 10 ()
    Pages: 771-776

    as
    in new window

    Handle: RePEc:taf:apeclt:v:15:y:2008:i:10:p:771-776
    DOI: 10.1080/13504850600770863
    Contact details of provider: Web page: http://www.tandfonline.com/RAEL20

    Order Information: Web: http://www.tandfonline.com/pricing/journal/RAEL20

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:taf:apeclt:v:15:y:2008:i:10:p:771-776. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Chris Longhurst)

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.