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The structure of steel exports: Changes in specialisation and the role of innovation

Author

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  • Anthony de Carvalho
  • Naoki Sekiguchi

Abstract

This paper examines changes in the steel-related export structure of the ten largest steelmaking economies between 2004 and 2014, in terms of the steel products exported and the market destination for those exports. To shed light on how exporters’ patterns of specialisation have changed in the period since 2004, indices of “Revealed Comparative Advantage” (RCA) are developed for a number of low, medium and high value-added steel products, indicating that export specialisation patterns may be changing noticeably as some steel producers in emerging economies move up the value chain and begin exporting more sophisticated steel products. The paper also assesses the role of innovation, as measured by patents, in determining the export structure of countries, and finds a positive correlation between innovation activity and export specialisation in higher value-added steel segments.

Suggested Citation

  • Anthony de Carvalho & Naoki Sekiguchi, 2015. "The structure of steel exports: Changes in specialisation and the role of innovation," OECD Science, Technology and Industry Working Papers 2015/7, OECD Publishing.
    • Handle: RePEc:oec:stiaaa:2015/7-en
    DOI: 10.1787/5jrxfmstf0xt-en
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    Citations

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    Cited by:

    1. Naoki Sekiguchi, 2017. "Trade specialisation patterns in major steelmaking economies: the role of advanced economies and the implications for rapid growth in emerging market and developing economies in the global steel marke," Mineral Economics, Springer;Raw Materials Group (RMG);Luleå University of Technology, vol. 30(3), pages 207-227, October.
    2. Naoki Sekiguchi, 2019. "Steel trade structure and the balance of steelmaking technologies in non-OECD countries: the implications for catch-up path," Mineral Economics, Springer;Raw Materials Group (RMG);Luleå University of Technology, vol. 32(3), pages 257-285, November.
    3. Naoki Sekiguchi, 2022. "The evolution of non-OECD countries in the twenty-first century: developments in steel trade and the role of technology," Mineral Economics, Springer;Raw Materials Group (RMG);Luleå University of Technology, vol. 35(1), pages 103-132, March.

    More about this item

    Keywords

    comparative advantage; patents; trade;
    All these keywords.

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • L6 - Industrial Organization - - Industry Studies: Manufacturing
    • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital

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