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The Liberalization of European Steel Trade

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  • Winters, L. Alan

Abstract

This paper constructs a simple model of the steel sector in Europe distinguishing eight West and two East 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 Eastern and Western 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) losses, but total output in the EU falls only by about 1.5%.

Suggested Citation

  • Winters, L. Alan, 1994. "The Liberalization of European Steel Trade," CEPR Discussion Papers 1002, C.E.P.R. Discussion Papers.
  • Handle: RePEc:cpr:ceprdp:1002
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    Citations

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    Cited by:

    1. Brown, Drusilla K & Stern, Robert M, 2001. "Measurement and Modeling of the Economic Effects of Trade and Investment Barriers in Services," Review of International Economics, Wiley Blackwell, vol. 9(2), pages 262-286, May.
    2. Winters, L. Alan, 1995. "Liberalizing European steel trade," European Economic Review, Elsevier, vol. 39(3-4), pages 611-621, April.
    3. Cadot, Olivier & Faini, Riccardo & de Melo, Jaime, 1995. "Early trade patterns under the Europe Agreements: France, Germany and Italy," European Economic Review, Elsevier, vol. 39(3-4), pages 601-610, April.
    4. M. Landesmann & M. Pfaffermayr, 1997. "Technological competition and trade performance," Applied Economics, Taylor & Francis Journals, vol. 29(2), pages 179-196.
    5. Peter Walkenhorst, 2004. "Liberalising Trade in Textiles and Clothing: A Survey of Quantitative Studies," International Trade 0401007, EconWPA.

    More about this item

    Keywords

    Europe; Europe Agreements; Integration; Modelling; Steel;

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F15 - International Economics - - Trade - - - Economic Integration

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