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Reallocation and Technology: Evidence from the US Steel Industry

Author(s): Collard-Wexler, Allan; De Loecker, Jan

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dc.contributor.authorCollard-Wexler, Allan-
dc.contributor.authorDe Loecker, Jan-
dc.identifier.citationCollard-Wexler, Allan, De Loecker, Jan. (2015). Reallocation and Technology: Evidence from the US Steel Industry. American Economic Review, 105 (1), 131 - 171. doi:10.1257/aer.20130090en_US
dc.description.abstractWe 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.en_US
dc.format.extent131 - 171en_US
dc.relation.ispartofAmerican Economic Reviewen_US
dc.rightsFinal published version. Article is made available in OAR by the publisher's permission or policy.en_US
dc.titleReallocation and Technology: Evidence from the US Steel Industryen_US
dc.typeJournal Articleen_US

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