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Reallocation and Technology: Evidence from the US Steel Industry

Allan Collard-Wexler () and Jan De Loecker ()

American Economic Review, 2015, vol. 105, issue 1, 131-71

Abstract: We measure the impact of a drastic new technology for producing steel--the minimill--on 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. (JEL D24, L13, L23, L61, M11, O31, O33)

JEL-codes: D24 L13 L23 L61 M11 O31 O33 (search for similar items in EconPapers)
Date: 2015
Note: DOI: 10.1257/aer.20130090
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Related works:
Working Paper: Reallocation and Technology: Evidence From The U.S. Steel Industry (2013) Downloads
Working Paper: Reallocation and Technology: Evidence from the U.S. Steel Industry (2013) Downloads
Working Paper: Reallocation and technology: evidence from the U.S. steel industry (2013) Downloads
Working Paper: Reallocation and technology: evidence from the U.S. steel industry (2013) Downloads
Working Paper: Reallocation and Technology: Evidence from the U.S. Steel Industry (2013) Downloads
Working Paper: Reallocation and Technology: Evidence from the U.S. Steel Industry (2012) Downloads
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