Barriers to exit in the steel sector:
This paper explores the nature of exit barriers in the steel industry, their social and economic implications, and policy approaches to deal with exits and steel industry restructuring. Barriers to exit in the steel industry require attention due to their negative impacts on excess capacity. Such ba...
Gespeichert in:
| 1. Verfasser: | |
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| Weitere Verfasser: | , , , , |
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2020
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| Schriftenreihe: | OECD Science, Technology and Industry Policy Papers
no.93 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | This paper explores the nature of exit barriers in the steel industry, their social and economic implications, and policy approaches to deal with exits and steel industry restructuring. Barriers to exit in the steel industry require attention due to their negative impacts on excess capacity. Such barriers mainly stem from government interventions that hinder the closure of inefficient or unviable steel plants, though cost factors specific to the steel industry are important barriers, as well. Exits may also entail important costs associated with redundancy payments to workers, environmental clean-up and operations to dismantle mills. The paper concludes with specific policy recommendations to promote adjustment, including removing subsidies and other government support measures that maintain unviable plants, assisting displaced steel workers into other activities, and other measures to limit the social costs of steel plant closures. |
| Beschreibung: | 1 Online-Ressource (62 p.) |
| DOI: | 10.1787/a26bced1-en |
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| spelling | Rimini, Michele VerfasserIn aut Barriers to exit in the steel sector Michele, Rimini ... [et al] Paris OECD Publishing 2020 1 Online-Ressource (62 p.) Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Science, Technology and Industry Policy Papers no.93 This paper explores the nature of exit barriers in the steel industry, their social and economic implications, and policy approaches to deal with exits and steel industry restructuring. Barriers to exit in the steel industry require attention due to their negative impacts on excess capacity. Such barriers mainly stem from government interventions that hinder the closure of inefficient or unviable steel plants, though cost factors specific to the steel industry are important barriers, as well. Exits may also entail important costs associated with redundancy payments to workers, environmental clean-up and operations to dismantle mills. The paper concludes with specific policy recommendations to promote adjustment, including removing subsidies and other government support measures that maintain unviable plants, assisting displaced steel workers into other activities, and other measures to limit the social costs of steel plant closures. Science and Technology de Carvalho, Anthony MitwirkendeR ctb Mercier, Fabien MitwirkendeR ctb Burrai, Valentina MitwirkendeR ctb Liebman, Benjamin MitwirkendeR ctb de Stefano, Timothy MitwirkendeR ctb FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/a26bced1-en Volltext |
| spellingShingle | Rimini, Michele Barriers to exit in the steel sector Science and Technology |
| title | Barriers to exit in the steel sector |
| title_auth | Barriers to exit in the steel sector |
| title_exact_search | Barriers to exit in the steel sector |
| title_full | Barriers to exit in the steel sector Michele, Rimini ... [et al] |
| title_fullStr | Barriers to exit in the steel sector Michele, Rimini ... [et al] |
| title_full_unstemmed | Barriers to exit in the steel sector Michele, Rimini ... [et al] |
| title_short | Barriers to exit in the steel sector |
| title_sort | barriers to exit in the steel sector |
| topic | Science and Technology |
| topic_facet | Science and Technology |
| url | https://doi.org/10.1787/a26bced1-en |
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