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Innovation, Productivity Growth, and the Survival of the U.S. Copper Industry AgEcon
Tilton, John E.; Landsberg, Hans H..
Mining is widely viewed as an old industry with mature and stable technologies. Companies and countries with the best deposits are the most productive and efficient producers. As these deposits are depleted, mining shifts to countries with the next best deposits. This tendency to exploit poorer quality ores tends to push productivity down and the prices of mineral commodities up over time. Copper mining in the United States, however, calls into question this conventional view. After leading the world in output for decades, the U.S. industry lost its ability to compete and suffered a major decline during the 1970s and early 1980s. In the face of predictions of complete collapse, it staged a remarkable revival, and today mines more copper than in 1970. A...
Tipo: Working or Discussion Paper Palavras-chave: Copper industry; Productivity; Technological change; Comparative advantage; Resource /Energy Economics and Policy; Q30; L72; O31; F14.
Ano: 1997 URL: http://purl.umn.edu/10534
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