| Publications [#238059] of Allan Collard-Wexler
Journal Articles
- Collard-Wexler, A; De Loecker, J, Reallocation and technology: Evidence from the US steel industry,
American Economic Review, vol. 105 no. 1
(January, 2015),
pp. 131-171, American Economic Association, ISSN 0002-8282 [doi]
(last updated on 2025/07/05)
Abstract: 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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