Arbeitspapier
Steelmaking technology and energy prices: The case of Germany
We examine the relationship between the choice of steelmaking technology and energy prices in Germany using data beginning 1970. The analysis indicates that technology choice began to cointegrate with comparative energy prices in the early 90s. The short and long-run effects of energy prices are captured in a partial adjustment model; the ratio of electricity to coal prices is seen to exert sizeable influence on the short and long-term deployment of the electric arc furnace for secondary steelmaking. If current trends in energy prices continue, the share of secondary steelmaking in total steel production is expected to increase rather slowly.
- Sprache
-
Englisch
- Erschienen in
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Series: Working Paper Series in Production and Energy ; No. 68
- Klassifikation
-
Wirtschaft
Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
Industrialization; Manufacturing and Service Industries; Choice of Technology
Technological Change: Choices and Consequences; Diffusion Processes
Energy: Other
Single Equation Models; Single Variables: Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
- Thema
-
technology adoption and diffusion
steelmaking
electric arc furnace
comparative energy prices
ARDL model
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Britto, Anthony
Kraft, Emil
Dehler-Holland, Joris
- Ereignis
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Veröffentlichung
- (wer)
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Karlsruhe Institute of Technology (KIT), Institute for Industrial Production (IIP)
- (wo)
-
Karlsruhe
- (wann)
-
2022
- DOI
-
doi:10.5445/IR/1000153214
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Britto, Anthony
- Kraft, Emil
- Dehler-Holland, Joris
- Karlsruhe Institute of Technology (KIT), Institute for Industrial Production (IIP)
Entstanden
- 2022