Steel consumption and economic growth in Korea: Long-term and short-term evidence

This paper examines the long-term and short-term causal relationships between steel consumption and economic activity in Korea between 1975 and 2008 using vector error correction and vector autoregression models. This study disaggregates steel products and steel-consuming industries because the consumption of a specific steel product is closely linked to the output of the corresponding industry. This approach can provide a clear and reliable causal relationship between variable pairs. The results show that total steel consumption and GDP have a long-term equilibrium relationship, running from GDP to total steel consumption. However, a long-term bi-directional causal relationship exists between flat products consumption and the manufacturing GDP. Flat products consumption also demonstrates the long-term relationships between steel-consuming industries, such as automobile, shipbuilding, and fabricated metal product, but causal directions are mixed, depending on variable pairs. These results imply that the reciprocal growth between these industries has contributed to the robust competitiveness of Korean manufacturing. Because Korea has maintained its export-oriented industrial policy based on manufacturing, the steel and steel-consuming industries are expected to play a significant role in economic growth far into the future.     

A cointegration and causality analysis of copper consumption and economic growth in rich countries

The paper examines the copper consumption-economic growth nexus for 16 rich economies from the period 1966 to 2010. Various generations of panel unit root and cointegration tests are applied. Both series are found to be integrated of order one. Evidence of cointegration is found especially when controlling for breaks and long-run cross-sectional dependence. Causality is investigated using a vector error-correction mechanism (VECM) framework. At individual level, unidirectional causality running from economic growth to copper consumption is unraveled for Finland, France and UK in the long-run. Unidirectional causality is also found running from copper consumption to economic growth for Spain. Long-run bi-directionality between economic growth and copper consumption is found for Belgium, Greece, Italy, Japan and South Korea. The neutrality hypothesis holds for Australia, Austria, Canada, Netherlands, Portugal, Sweden and USA in the long-run. Taken as a whole, panel causality test reveals a long-run unidirectional causality running from economic growth to copper consumption.     

Immigration and electricity consumption: The case of Northern Cyprus

The present article uses the Autoregressive Distributed Lag (ARDL) bounds testing procedure to identify the impact of immigration and economic growth on electricity consumption in the case of North Cyprus using annual data from 1977 to 2007. The results suggest that both economic growth and immigration are in a long-run equilibrium relationship with electricity consumption.     

Polish steel consumption, 1974–2008

This article presents changes in apparent consumption of steel in Poland in the years 1974–2003. Sudden changes in Polish steel consumption and intensity of steel use in the period of consideration are characteristic of changes in all countries of Central-Eastern Europe. They were tied to a process of transformation from a centrally controlled economy into a market-oriented economy. Particular analyses were made of changes in intensity of steel use in Poland in the years 1992–2003 in sectors of the economy determining the steel consumption. Forecasts for the sector indicators of intensity of steel use were made for the next 5 years. They were utilised in preparing a steel consumption forecast for Poland till the year 2008. The forecast indicates that growth in steel consumption is to be expected from about 8350 thousand tonnes in the year 2003 to about 9520 thousand tonnes in the year 2008. This growth in consumption will accompany a small decrease of the intensity of steel use. For estimation of the regression equations used in the forecast, actual data obtained for the years 1992–2003 was applied. This was a period where the rules of a market economy affected the consumption of steel in Poland. Indicators of steel consumption and also total GDP shares in considered sectors indicated permanent trends of changes over the period.     

The issue of sustainability and disclosure. A case study of selective garbage collection by the Urban Cleaning Service of the city of Rio de Janeiro, Brazil - COMLURB

The Urban Cleaning Company of the City of Rio de Janeiro - COMLURB launched the Recycling Separation Center Project (Projeto Central de Separação de Recicláveis or CSR) in 2003. The objectives of the project were the adequate disposal of solid urban waste as well as the generation of employment and income. The COMLURB Project had economic, environmental and social facets, and the researchers sought to establish whether COMLURB had prepared reports that would enable evaluation of the investment made and the results obtained. In particular, the researchers sought to establish whether COMLURB financial statements set out the results of actions inherent to the CSR. We concluded from our analysis of the Project that the three elements of sustainability (social, environmental and economic), despite being fully present, were not adequately demonstrated. This study therefore proposes a model report with a view to enabling various information users to evaluate the results of the CSR Project.     

WATER RESOURCE INVESTMENT AND ECONOMIC DEVELOPMENT BALANCED VERSUS UNBALANCED INVESTMENT STRATEGIES1

ABSTRACT: A number of recent investigations have attempted to determine whether or not a relationship exists between water resource investment and economic growth. Reasons for the disparity in the conclusions of these investigations are examined. The degree of balance in an investment strategy may be a primary cause of the disparity in the conclusions and in determining the extent to which investment in water resources induces economic growth. Providing definitions of balanced and unbalanced investment strategies that involve water development is complicated by the polarity associated with the terms and the wide spectrum of possible components in an investment strategy. Interpretations of the polar concepts of balance and imbalance are provided and form a basis for examining the potential role of water resource development in an investment strategy and the ability of water investment to induce economic growth.     

Urban land use,mobility and theory of science: exploring the potential for critical realism in empirical research

Academic discussion where the adequacy of positions within theory of science is illustrated by means of examples from empirical research studies seems to be an area of neglect. The purpose of this paper is to contribute to such a debate, using examples from investigations into the relationship between urban structure and travel behaviour. The main research question of these investigations was whether, and to what extent, urban structural conditions are influencing residents' transportation activity. In other words, is there a causal relationship between urban structure and travel behaviour? Furthermore, we asked whether results from studies of the relationship between land use and transport can provide a basis for predictions about the likely consequences of alternative land-use strategies. The methodology and empirical findings of the studies are discussed in the light of the theory of science position labelled ‘critical realism’, in an attempt to relate theory of science to empirical research, but also in order to contribute to the discussion of the usefulness of this specific approach. Copyright © 2002 John Wiley & Sons, Ltd.     

Understanding the total life cycle cost implications of reusing structural steel

Reuse of structural steel could be an environmentally superior alternative to the current practice, which is to recycle the majority (88%) of scrap steel. In spite of the potential benefits, and in a time when “sustainability” and “climate change” are critical societal issues, the question arises: why are greater rates of structural steel reuse not being observed? One of the major factors in the rate of structural steel reuse is how decision-makers understand the life cycle implications of their choice to recycle steel rather than reuse it. This paper contributes towards our understanding of these implications, particularly the cost implications, of reuse as an alternative to recycling by presenting a streamlined life cycle analysis and identifying the major contributors to each process. The results of a case study indicate that a significant reduction in some life cycle impact metrics (greenhouse gas emissions, water use) can result from reusing structural steel rather than recycling it. The largest contributors to the life cycle impact of recycling were the shredding, melting, and forming sub-processes. The largest contributor to reuse was the deconstruction sub-process. A total life cycle cost analysis is performed to understand the cost of damages to the environment and human health in combination with the cost of construction activities. Sensitivity and uncertainty analyses are also conducted to quantify variability in the results and determine economic conditions where the two processes have an equal cost.     

Allocation and banking in Korean permits trading

This paper investigates how Korean industry would respond to four different allocation and banking options in CO₂ permit trading within a fully dynamic computational general equilibrium framework. Four different allocations are categorized—a uniform allocation and three performance-based allocations. We explore that performance-based allocation and banking lower losses in Korean potential GDP, allowing energy-intensive industry more flexibility in inter-temporal decision making on purchasing and selling permits. The steel industry can derive a particular advantage from a performance-based allocation with respect to energy use, while the semiconductor industry would prefer a performance-based allocation with respect to value-added. The two key conclusions are (i) the Korean economy should replace an absolute allocation with a performance-based allocation, and (ii) the banking of permits enables market players to reallocate allowances more efficiently in a long-term commitment period. These results support the findings of the key study by Kling and Rubin (1997).     

Disaggregated energy consumption,environment, and economic growth nexus of emerging South and East Asian Countries: An ARDL approach

This study examines the nexus between disaggregated energy consumption (EC), CO₂ emissions, and economic growth in emerging South and East Asian countries over the period of 1994 to 2019. The long-run equilibrium relationship is determined by using the “Autoregressive distributed lag (ARDL) model” and the “Generalized least square (GLS) technique.” The panel causality test developed by “Dumitrescu and Hurlin, 2012” determines the direction of causation between variables. Disaggregated EC and CO₂ emissions positively affect economic growth in the research. The PMG estimate also validates the GLS findings, which produce the same results as the PMG estimation. To check the robustness, we also use FMOLS and DOLS estimators. The results confirm the feedback hypothesis for South and East Asian nations regarding energy uses, CO₂ emissions, and economic growth. In contrast, there is unidirectional causality between industrial development and economic growth. These findings will help governments in South and East Asia craft effective energy policy regulations for their financial institutions.     

不完全竞争行业中的环境工具有效性研究:一个理论框架

各级政府贯彻落实绿色发展的理念,实现经济增长与环境保护的共赢,才能真正实现"绿水青山就是金山银山"。在经济"新常态"背景下,防治环境污染是个复杂而系统性的工程,需要进行经济追因与综合治理,其中,制定实施有效的环境政策工具尤为关键。本文把微观经济学中的双寡头产量竞争模型作为基准模型拓展用于环境经济分析,并把环境税、环境规制、排污权交易这三类主要环境工具对企业生产决策的影响纳入基准模型,旨在对比研究不完全竞争行业中环境工具的有效性问题。结果表明:主要基于市场机制的环境经济政策比行政色彩浓厚的环境规制更有效率。提高环境税率或排污权价格均能显著削减行业污染物排放量,如果环境税率恰好等于排污权价格,则环境税与排污权交易这两类环境工具的效力相等。这对进一步建立和完善我国尚处于探索或初始实施阶段的环境工具,促进石化、电力、钢铁等不完全竞争行业的主要污染物减排,具有一定参考价值和借鉴意义。     

Forest products and traditional peoples: Economic, biological, and cultural considerations

Conservationists and environmental economists have promoted the extraction of non–timber forest products (NTFP) as an alternative to forest conversion and as a means to benefit forest peoples. This article discusses the development of NTFP economic analyses and some economic, biological and socio–cultural constraints on the use of forest resources and methodological limitations of NTFP investigations. Several case studies document the importance of the forest in both North and South America. While studies differ in their conclusions regarding the sustainability of NTFP extraction, most researchers agree that sustainable harvesting is rare. The article argues for additional considerations that transcend the biological and economic concerns. While forests provide the basis of material culture for peoples that inhabit them, they are also linked intrinsically to the religion, mythology, and psyche of native peoples. Conservationists have an ethical obligation to consider the needs and desires of these people in conjunction with conservation and management plans.     

Long-term global availability of steel scrap

Primary steelmaking involves CO₂-intensive processes, but the expansion of secondary steel production is limited by the global availability of steel scrap. The present work examines global scrap consumption in the past (1870–2012) and future scrap availability (2013–2050) based on the historical trend. The results reveal that (i) historically, the consumption of old scrap has been insufficient compared with the amounts of discarded steel, and (ii) based on historical scrap consumption, the future availability of scrap will not be sufficient to satisfy the two assumed cases of steel demand. Primary steelmaking is expected to remain the dominant process, at least up until 2050. Under the reference-demand case of 2.19 billion tons in crude steel production by 2050, the total production of pig iron and direct reduced iron could reach 1.35 billion tons. Consumption of old scrap could reach 0.76 billion tons. Because the availability of scrap will be limited in the context of the global total, it is important to research and develop innovative low-carbon technologies for primary steelmaking and to explore their economic viability if we are to aim for achieving large reductions in CO₂ emissions from the iron and steel industry.     

Quantification of Chinese steel cycle flow: Historical status and future options

China is the largest steel producer and consumer around the world. Quantifying the Chinese steel flow from cradle to grave can assist this industry to fully understand its historical status and future options on production route transformation, capacity planning, scrap availability, resource and energy consumption. With the help of the systematic methods combined dynamic MFA (material flow analysis) with scenario analysis, the Chinese steel cycle during the first half of the 21st century was quantified and several thought-provoking conclusions were draw. In the past decade, lots of pig iron or molten iron was fed into EAF (electric arc furnace) and the scrap usage of EAF fluctuated slightly. Thus, the real scrap-EAF route share is much lower than the EAF production share. On the other hand, we reconfirmed that the scrap supply in China will rise significantly in the future. Meanwhile, the secondary production route share will grow sharply and exceed primary production share before or after 2050 depending on our options. The scrap recycling rate and construction's lifetime play a vital role in this trend. In the end, an intensive discussion on production capacities’ adjustment and energy and resource consumption was conducted and relative policy suggestions were given. It is worth noting that scrap usage is crucial to future energy saving and emissions reduction of Chinese steel sector and its energy consumption might peak as early as 2015.     

Time-series analysis of global zinc demand associated with steel

This study aimed to analyze the global-scale substance flow of zinc associated with steel in order to discuss the sustainable use of zinc resources in the future. The relationship between the demand for steel and zinc was characterized in terms of zinc intensity for galvanized steel and the percentage of galvanized steel that accounts for the total steel demand. Zinc consumption for steel was divided into end uses according to the statistics on steel. Zinc demand in the future was forecasted with three scenarios for zinc intensity. Future steel demand was estimated using the stocks-drive-flows model, in which the demand is determined by the change in stock. The growth of in-use stock of galvanized steel in the future was estimated by considering economic growth on the basis of the transition of in-use stock of galvanized steel in the past. The cumulative zinc demand for galvanized steel up to the year 2050 was compared with the zinc reserves. It was found that the global average recovery rate of zinc was estimated at approximately 20% by the dynamic substance flow analysis for zinc. It is hoped that the recovery rate will increase. Even if zinc intensity is continuously reduced according to an experience curve based on technological development, a large portion of the current reserves will be consumed for galvanized steel. It was concluded that technological development in reducing zinc intensity will play a significant role in zinc resource conservation.     

消费价值差对绿色消费行为意向的影响

文章基于文献分析,提出了消费价值差模型,并以此结合量表和结构方程模型来检验消费价值差对消费者绿色商品的消费意向与市场需求的影响。研究结果说明,消费价值差越大,绿色消费行为意向和市场需求程度越低,其中效用价值差与环境价值差的反向影响最大。鉴于上述结论,政府及企业在制定相关政策及设计推广绿色商品时,应重视消费者的认知和情感需求,并针对不同群体开展具有差异性的环保宣教工作。     

Decoupling analysis of water consumption and economic development of arid and semiarid regions in Northwest China

The contradiction between China's economic development, its need for resources and the protection of the environment is ctitical. Scarce water resources have resulted in a considerable bottleneck restricting the economic development of water-deficient areas. An objective evaluation of the decoupling state of water consumption and economic development has become an important indicator of regional economic sustainable development. Based on panel data from 2000 to 2017 for six provinces in the arid and semiarid regions of Northwest China, the Logarithmic Mean Divisia Index method is employed to decompose the factors of the decoupling index and establish a decoupling relationship model between water consumption and economic development. The reasons that affect the decoupling state of water resource utilization and economic development are herein discussed, and the stability of the decoupling trend is analysed. Based on the overall regional trend, the decoupling state of the arid and semiarid regions in Northwest China improved from weak to strong, but the high decoupling stability index varied among the provinces. The intensity and structure were promotional factors for decoupling water consumption and economic development, and the contribution rate of the intensity factor was higher than that of the structure factor. Income and population were inhibiting factors for decoupling water consumption and economic development, and the contribution rate of the income factor was higher than that of the population factor. Based on these results, corresponding policy recommendations are provided.     

Material savings through structural steel reuse: A case study in Genoa

One of the most challenging issues in the field of sustainable design is that of limiting the environmental impact of structural systems, as they contribute significantly to raw material consumption, global carbon emissions and solid waste production. This paper addresses the approach of the reuse of steel structure without melting which allows for savings in steel mass and the reduction of waste amounts offering moreover an opportunity to avoid environmental burdens related to the recycling process. Recent studies have stressed the technical feasibility of this strategy, which appears particularly effective in those countries in which a building's life is rather short, such as in Japan and US, though its application encounters more difficulties in most European countries, owing to longer building use. Besides stressing the architectural and structural feasibility of the above-mentioned strategy, this research work aims to quantify the mass savings that are achievable in this manner by presenting a real case study set in Italy. It consists in a railway station, which has been designed keeping in mind the partial employment of structural elements recovered from an old industrial building that is no longer in use. To estimate the amount of steel saved, two different structural models for the designed building have been carried out and compared. In the first one, the structure has been designed on the assumption of the reusing of recovered structural elements; in the second one, the same structure has been designed considering the use of new elements only. The final result of the analysis shows that steel reuse allowed for savings of up to 30% of steel.     

Residential Water Consumption,Motivation for Conserving Water and the Continuing Tragedy of the Commons

This paper explores the effect of the perception of externalities (PE) on residential water consumption. Externalities occur when individuals make decisions that harm others, without concern for the impact or feeling a need to compensate for the harm. The aim of this study was to investigate whether PE affects people's motivation to conserve water, and, consequently, the practice of residential water consumption. Two hundred eighty Mexican citizens responded to a questionnaire investigating how they perceived that other individuals in their community wasted water. Respondents were also asked about their motives to conserve water, and direct observations of individual water consumption were recorded. Results were processed within a structural equations model, which revealed that motives to conserve water significantly inhibit water consumption. Since the perception of externalities also inhibits conservation motives, the resulting effect of PE on water consumption is positive. This result means that the more people perceive that others waste water, the less their conservation motives, and, therefore, the more their own water consumption.