A perda do peso morto e a elasticidade-preço da demanda do setor siderúrgico no Brasil
DOI:
https://doi.org/10.1590/S0101-41612006000100006Keywords:
deadweight loss, demand's function, price-elasticity of demand, siderurgyAbstract
This article has two objectives. The first one is to calculate the deadweight loss of Brazil's steel sector. It was necessary, for this purpose, to estimate the steel demand's equation for, therefore, derivate its price-elasticity. This is, consequently, the article's second objective. The study proposed here is the first one, concerning the two objectives and regarding to quantitative measures, to Brazil. The results suggests that: first, the price-elasticity is -0,14 and, second, the deadweight loss for the steel sector (2000 and 2001) is, in average, approximately, of 24% of total sector's revenue or 0,30% of the GDP.Downloads
References
Abbott, A. J.; Lawler, K. A.; Armistead, C. The UK demand for steel. Applied Economics, v. 31, n. 11, p. 1299-1302, 1999.
Bain, J. Relation of profit rate to industry concentration: American manufacturing, 1936-40. Quarterly Journal of Economics, v. 65, n. 3, p. 293-324, 1951.
Bershanhan. Empirical studies of industries with market power. In: Schmalansee, R.; Willig, R. (eds.), Handbook of industrial organization. Amsterdam: North-Holland, 1989.
Clarke, R.; Davies, S. Market structure and price-cost margins. Economica, v. 49, p.227-287, 1982.
Cowling, K.; Mueller, D. The social costs of monopoly. Economic Journal, p. 727-748, 1978.
Cowling, K.; Mueller, D. The social costs of monopoly power revisited. Economic Journal, p. 721-725, 1981.
Cowling, K.; Waterson, M. Price-cost margins and market structure. Economica, v.43, p. 267-274, 1976.
Cysne, R. P.; Issler, J. V.; Resende, M.; Wyllie, R. Demanda por cervejas no Brasil: um estudo econométrico. Pesquisa e Planejamento Econômico, v. 31, p. 249-68, 2001.
Daskin, A. J. Perda do bem-estar in oligopoly: a new approach. Southern Economic Journal, v. 58, n. 1, p. 171-185, 1991.
Dickson, V. A. Conjectural variation elasticities and concentration. Economic Letters, p. 281-85, 1981.
Dixit, A.; Stern, N. Oligopoly and welfare. European Economic Review, v. 19, p. 123-143, 1982.
Enders, W. Applied econometric time series. 1ª ed. Nova York: John Wiley & Sons, Inc., 1995.
Fergunson, P. R.; Fergunson, G. J. Industrial economics: issues and perspectives. London: MacMillan, 1994.
Geroski, P. A.; Philips, L.; Ulph, A. Oligopoly, competition and welfare: some recent developments. Journal of Industrial Economics, v. 33, p. 369-86, 1985.
Greene, W. H. Econometric analysis. 3ª ed. Estados Unidos: Prentice Hall Inc., 1997.
Harberger, A. C. Monopoly and resource allocation. American Economic Review, p.77-87, Maio 1954.
Holt, C. A. On the use of profit data to estimate the social costs of monopoly power in an
oligopoly. 1982, p. 283-289. Instituto Brasileiro de Siderurgia. Anuário Estatístico. 2002.
Johansen, S. Statistical analysis of cointegrating vectors. Journal of Economic Dynamics
and Control, v. 12, p. 231-254, 1988.
Johansen, S. Estimation and hypothesis testing of cointegrating vectors in Gaussian
vector autoregressive models. Econometrica, v. 59, p. 1551-80, 1991.
Johansen, S., Juselius, K. Maximum likelihood estimation and inference on cointegration
with application to the demand for money. Oxford Bulletin of Economics and Statistics, v. 52, p. 169-209, 1990.
Mas-Colell, A.; Whinston, M.; Green, J. Microeconomic theory. Oxford University Press, 1995.
Masson, R. T.; Shaanan, J. Social costs of oligopoly and the value of competition. Economic Journal, p. 520-535, 1984.
Mendes de Paula, G. Novos métodos de previsão de demanda de aço. 2002. Mimeografado.
Scherer, F.; Ross, D. Industrial market structure and economic performance. Boston:
Houghton Mifflin, 1990.
Schmalansee, R. Inter-industry studies of structure and performance. In: Schmalansee,
R.; Willig, R. (eds.), Handbook of industrial organization. Amsterdam: North-Holland, 1989.
Varian, H. R. Microeconomic analysis. Third edition. W.W. Norton & Company Inc., 1992.
Vasconcellos, M. A. S.; Alves, D. (coords.), Manual de econometria: nível intermediário.
ª edição. Equipe de Professores da USP, São Paulo: Atlas, 2000.
Wyllie, R. L. Mercado de cerveja no Brasil: um estudo econométrico. 2001. Dissertação
(Mestrado), EPGE/FGV, Rio de Janeiro.
Downloads
Published
Issue
Section
License
Copyright (c) 2006 Cristiane Alkmin Junqueira Schmidt, Marcos André M. de Lima
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
By submitting an article, the author authorizes its publication and attests that it has not been submitted to any other journal. The original article is considered final. Articles selected for publication are proofread for grammatical and orthographic errors. The journal does not pay rights for published articles. The Institute of Economic Research from the School of Economics, Business and Accounting of the University of São Paulo (Instituto de Pesquisas Econômicas da Faculdade de Economia, Administração e Contabilidade da Universidade de São Paulo) owns the journal's copyright.