Publications [#238059] of Allan Collard-Wexler

Journal Articles

1. 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
   (last updated on 2024/04/16)

   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.