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Reallocation and technology: Evidence from the US steel industry

Publication ,  Journal Article
Collard-Wexler, A; De Loecker, J
Published in: American Economic Review
January 1, 2015

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.

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Published In

American Economic Review

DOI

ISSN

0002-8282

Publication Date

January 1, 2015

Volume

105

Issue

1

Start / End Page

131 / 171

Related Subject Headings

  • Economics
  • 38 Economics
  • 35 Commerce, management, tourism and services
  • 15 Commerce, Management, Tourism and Services
  • 14 Economics
 

Citation

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Collard-Wexler, A., & De Loecker, J. (2015). Reallocation and technology: Evidence from the US steel industry. American Economic Review, 105(1), 131–171. https://doi.org/10.1257/aer.20130090
Collard-Wexler, A., and J. De Loecker. “Reallocation and technology: Evidence from the US steel industry.” American Economic Review 105, no. 1 (January 1, 2015): 131–71. https://doi.org/10.1257/aer.20130090.
Collard-Wexler A, De Loecker J. Reallocation and technology: Evidence from the US steel industry. American Economic Review. 2015 Jan 1;105(1):131–71.
Collard-Wexler, A., and J. De Loecker. “Reallocation and technology: Evidence from the US steel industry.” American Economic Review, vol. 105, no. 1, Jan. 2015, pp. 131–71. Scopus, doi:10.1257/aer.20130090.
Collard-Wexler A, De Loecker J. Reallocation and technology: Evidence from the US steel industry. American Economic Review. 2015 Jan 1;105(1):131–171.

Published In

American Economic Review

DOI

ISSN

0002-8282

Publication Date

January 1, 2015

Volume

105

Issue

1

Start / End Page

131 / 171

Related Subject Headings

  • Economics
  • 38 Economics
  • 35 Commerce, management, tourism and services
  • 15 Commerce, Management, Tourism and Services
  • 14 Economics