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来源类型Working Paper
规范类型报告
DOI10.3386/w18739
来源IDWorking Paper 18739
Reallocation and Technology: Evidence from the U.S. Steel Industry
Allan Collard-Wexler; Jan De Loecker
发表日期2013-01-25
出版年2013
语种英语
摘要We measure the impact of a drastic new technology for producing steel - the minimill - on the aggregate productivity of U.S. steel producers, using unique plant-level data between 1963 and 2002. We find that the sharp increase in the industry's productivity is linked to this new technology, and operates through two distinct mechanisms. First, minimills displaced the older technology, called vertically integrated production, and this reallocation of output was responsible for a third of the increase in the industry's productivity. Second, increased competition, due to the expansion of minimills, drove a substantial reallocation process within the group of vertically integrated producers, driving a resurgence in their productivity, and consequently of the industry's productivity as a whole.
主题Industrial Organization ; Market Structure and Firm Performance ; Development and Growth ; Innovation and R& ; D
URLhttps://www.nber.org/papers/w18739
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/576412
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Allan Collard-Wexler,Jan De Loecker. Reallocation and Technology: Evidence from the U.S. Steel Industry. 2013.
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