On the Efficiency of Steel Sectors in EU Member Countries

Kód výsledku v 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>

Výsledek na webu

<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

—

Jazyk výsledku

angličtina

Název v původním jazyce

On the Efficiency of Steel Sectors in EU Member Countries

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

On the Efficiency of Steel Sectors in EU Member Countries

Popis výsledku anglicky

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.

Druh

J_ost - Ostatní články v recenzovaných periodicích

CEP obor

—

OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

—

Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2019

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Ekonomická revue

ISSN

1212-3951

e-ISSN

—

Svazek periodika

21

Číslo periodika v rámci svazku

3

Stát vydavatele periodika

CZ - Česká republika

Počet stran výsledku

10

Strana od-do

71-80

Kód UT WoS článku

—

EID výsledku v databázi Scopus

—