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| Author: | Galdon-Sanchez, J. E. Schmitz, J. A. Jr. |
| Title: | Competitive Pressure and Labor Productivity: World Iron-Ore Markets in the 1980's |
| Journal: | American Economic Review
2002 : SEP, VOL. 92:4, p. 1222-1235 |
| Index terms: | COMPETITION LABOUR PRODUCTIVITY HISTORY MINING INDUSTRY |
| Language: | eng |
| Abstract: | The authors show that a striking relationship exists between the increase in competitive pressure iron-ore mines faced in the early 1980's and their subsequent labor-productivity gains in the 1980's. In countries where mines faced little increase in competitive pressure, productivity changed little over the 1980's; in countries where mines faced dramatic increases, productivity gains ranged from 50 to 100 percent, rates that were unprecedented. The authors say that the collapse of world steel production led to an increase in competitive pressure at a mine if because of the collapse the likelihood that the mine would close over, say, the next decade, increased. The increase in competitive pressure a mine faced depended on a number of factors, but two were paramount. |
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