Une analyse de lindustrie VFBF 1.Offre: technologie & coûts 2.Demande: tendance et volatilité 3.Segmentation de lindustrie La restructuration de lacier aux Etats-Unis 1.Lhéritage de la Seconde guerre mondiale 2.Les problèmes structurels 3.La réponse gouvernementale 4.La restructuration La politique sidérurgique américaine: interprétation 1.La capture 2.Hypothèses alternatives La restructuration de lacier dans lUnion Européenne 1.Le Plan Davignon 2.Implications à long terme et leçons La restructuration du secteur sidérurgique aux Etats-Unis et en Europe

Une analyse de lindustrie VFBF 1.Offre: technologie et coûts Minimum efficient scale output unit costs Installed capacity 1 Installed capacity 2 Installed capacity 3 minimum efficient scale (MES) Average cost curves

Une analyse de lindustrie VFBF 3. Segmentation Integrated mills and minimills: comparison of cost structures

Une analyse de lindustrie VFBF 4. Restructuration Integrated mills and minimills: installed capacity, 1974 and 1994

La restructuration de lacier aux Etats-Unis 4. Restructuration et relocalisation Steel mill location, US, 1974

Steel restructuring in the US 4. Restructuration et relocalisation Steel mill location, US, 1994

Equations: VoteRepr j = f(Contsteel j +, ContAuto j -, ProdCap j +, FtVote j -, Empsteel j +, EmpAuto j -, RCapMin j -, u j ) Contsteel j = g(Important j +, Party j -, v j ) ContAuto j = h(Important j +, Party j +, w j ) j = Dependent variable (to be explained) VoteRepr j : vote on 1999 steel-quota bill (yes=1) Explanatory variables Consteel j : dollar amount of contributions from steel companies and unions (PACs) ContAuto j : dollar amount of contributions from auto companies and unions (PACs) Prodcap j : steelmaking capacity in js congressional district (thousand tons) FtVote j : fast track authorityvote, yes=2, abst=1, no=0 Empsteel j : steel employment in district (SIC[1] 3310 et 3320) EmpAuto j : auto employment in district (SIC 3710) RCapMin j : % of steelmaking capacity accounted for by minimills Important j : Representative js political importance proxied by total contributions (dollars) Party j : 1=republican[1] [1] US Standard Industrial Classification Interprétations 1. La capture

VariableMarginal effectCoefficientMeanStandard deviation Constant ( ) ( ) 10 Contsteel j ** ( ) ( ) 1668 (dollars) (dollars) ContAuto j * ( ) ( ) 1752 (dollars) (dollars) Prodcap j * ( ) ( ) (thousand tons) (thousand tons) FtVote j ** ( ) ( ) 0.72 (yes=2, abs=1, no=0) (yes=2, abs=1, no=0) Empsteel j ( ) ( ) (number of jobs) (number of jobs) EmpAuto j ( ) ( ) (number of jobs) (number of jobs) Regression results 1 Interprétations 1. La capture

Regression results 2 VariableMarginal effect CoefficientMeanStandard deviation Constant ( ) ( ) 10 Contsteel j ** ( ) ( ) 1668 (dollars) (dollars) ContAuto j * ( ) ( ) 1752 (dollars) (dollars) Prodcap j * ( ) ( ) (thousand tons) (thousand tons) FtVote j ** ( ) ( ) 0.72 (yes=2, abs=1, no=0) (yes=2, abs=1, no=0) Empsteel j ( ) ( ) (number of jobs) (number of jobs) EmpAuto j ( ) ( ) (number of jobs) (number of jobs) RCapMin j * ( ) ( ) (%) (%) Interprétations 1. La capture