철강산업 분야 철강수출량 요인분해 연구

Abstract

The steel industry has a significant linkage effect between upstream and downstream industries, and the steel industry is also a sensitive industry due to the influence of upstream industries, which are sensitive to the economy. In addition, as the formation of a stable supply chain is important as an industry that affects the volume of steel trade according to the global situation, this study analyzes the factors that affect the volume of steel exports during trade in steel products and draws implications for increasing steel exports. Using the Log Mean Divisia Index (LMDI) methodology, we analyzed the characteristics of changes in steel export volume in Korea's steel industry from 2010 to 2020. The LMDI methodology is widely used in research on energy consumption characteristics or CO2 emission characteristics, but it was applied to the trade field due to its many advantages and high applicability. In this study, the change in Korea's steel export volume was decomposed into export dependence effect, productivity effect, raw material effect, and exchange rate effect, and the impact of each effect on Korea's steel export volume was analyzed.