Reallocation and technology: Evidence from the US steel industry
Published
Journal Article
We measure the impact of a drastic new technology for producing steel the minimillon industry-wide productivity in the US steel industry, using unique plant-level data between 1963 and 2002. The sharp increase in the industry's productivity is linked to this new technology through two distinct mechanisms: (i ) the mere displacement of the older technology (vertically integrated producers) was responsible for a third of the increase in the industry's productivity, and (ii ) increased competition, due the minimill expansion, drove a productivity resurgence at the surviving vertical integrated producers and, consequently, the productivity of the industry as a whole.
Full Text
Duke Authors
Cited Authors
- Collard-Wexler, A; De Loecker, J
Published Date
- January 1, 2015
Published In
Volume / Issue
- 105 / 1
Start / End Page
- 131 - 171
International Standard Serial Number (ISSN)
- 0002-8282
Digital Object Identifier (DOI)
- 10.1257/aer.20130090
Citation Source
- Scopus