On the Efficiency of Steel Sectors in EU Member Countries
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F19%3A10245379" target="_blank" >RIV/61989100:27510/19:10245379 - isvavai.cz</a>
Result on the web
<a href="https://dokumenty.vsb.cz/docs/files/cs/377566e8-907b-47c1-9d32-08542f17cb73" target="_blank" >https://dokumenty.vsb.cz/docs/files/cs/377566e8-907b-47c1-9d32-08542f17cb73</a>
DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
On the Efficiency of Steel Sectors in EU Member Countries
Original language description
Steel is one of the most multifunctional and most adaptable materials, and the iron and steel sector is a strategically important part of European industry. Steel products are vital for other industries including the construction to automotive sectors. Currently, the steel-producing companies in the EU face strong competition from non-EU (mainly Asian) countries, which exerts pressure on their efficiency. In this paper, we explore the efficiency of the steel sectors of EU members using the PROMETHEE method, which provides a clear graphical representation of the results. The aim is to compare the efficiency of the EU steel industries. We identify the input and output factors whose values differ by countries (e.g. price of input materials imported from outside the EU or the final product sale prices significantly influence the steel sectors, but their values are more or less identical for all EU countries). In our study, we involved three inputs (labour costs in the sector, number of employees and energy consumption) and three outputs (value of production, costs of emissions trading and net export). The results show that only 3 of 19 explored sectors are technically efficient (Bulgaria, Slovakia and Belgium). In line with Ishizaka et al. (2018), all the sectors are also classified into four groups: efficient, effective, inefficient and frugal.
Czech name
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Czech description
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Classification
Type
J<sub>ost</sub> - Miscellaneous article in a specialist periodical
CEP classification
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OECD FORD branch
50202 - Applied Economics, Econometrics
Result continuities
Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2019
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Ekonomická revue
ISSN
1212-3951
e-ISSN
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Volume of the periodical
21
Issue of the periodical within the volume
3
Country of publishing house
CZ - CZECH REPUBLIC
Number of pages
10
Pages from-to
71-80
UT code for WoS article
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EID of the result in the Scopus database
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