G2TT
来源类型Discussion paper
规范类型论文
来源IDDP9331
DP9331 Reallocation and Technology: Evidence from the U.S. Steel Industry
Jan De Loecker; Allan Collard-Wexler
发表日期2013-02-03
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
关键词Competition Productivity Reallocation Technology
URLhttps://cepr.org/publications/dp9331
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/538167
推荐引用方式
GB/T 7714
Jan De Loecker,Allan Collard-Wexler. DP9331 Reallocation and Technology: Evidence from the U.S. Steel Industry. 2013.
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