Collard-Wexler, Allan; De Loecker, Jan - C.E.P.R. Discussion Papers - 2013
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...