Market Structure of China’s Steel Industry

DOI

https://doi.org/10.2991/emim-16.2016.365How to use a DOI?

Keywords

Market share; Estimation; Market structure; Steel industry

Abstract

China’s steel industry has developed over last 60 years into the world biggest. China accounted for 36.4% of world steel production and 43.3% of world total consumption in 2007. It has driven by rapid modernization of its economy, construction, infrastructure and manufacturing industries. This paper employs yearly firm level data from 2005-2007 to test empirically the market share reflected by component variables in the steel industry. We introduced an empirical econometric model of estimation equations and stochastic structure. This permits us to separately identify how efficiency, location, proprietary, and organizational characteristics of a firm affect its market share.

Open Access

This is an open access article distributed under the CC BY-NC license.

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TY  - CONF
AU  - Juzhen Wu
PY  - 2016/04
DA  - 2016/04
TI  - Market Structure of China’s Steel Industry
BT  - 6th International Conference on Electronic, Mechanical, Information and Management Society
PB  - Atlantis Press
SP  - 1801
EP  - 1805
SN  - 2352-538X
UR  - https://doi.org/10.2991/emim-16.2016.365
DO  - https://doi.org/10.2991/emim-16.2016.365
ID  - Wu2016/04
ER  -