Collard-Wexler, Allan; Loecker, Jan De - In: American Economic Review 105 (2015) 1, pp. 131-71
We measure the impact of a drastic new technology for producing steel--the minimill--on 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...