Fatores determinantes do consumo de aço: uma análise de dados em painel

Abstract

The objective of this study is to analyze how some systemic factors such as industrialization, import, urbanization and average wage rates can influence the development of the steel sector, from the per capita steel consumption of the countries. To do so, 133 countries were selected based on data from World Steel and the World Bank from 1995 to 2016. The applied econometric method involves the analysis of panel data and the main results indicate the presence of non-heterogeneity and the need to control random effects. The coefficients of the variables were mostly positive, revealing that systemic economic factors such as average salary, urbanization, import and industrialization rates are important variables for the discussion on the industrial and economic development of the countries, related here to the consumption of basic input segments of the industry.