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Journal Article
Iron range rebirth: a new lease on life, or just déjà vu?
Higher prices, global demand trigger Iron Range and U.P. mining projects
Report
Threats to industry survival and labor productivity: world iron-ore markets in the 1980's
In the early 1980?s, the world steel market collapsed. Since the almost exclusive use of iron-ore is in steel production, many iron-ore mines had to be shut down. We divide the major iron-ore producing countries into groups based on the threat of closure faced by iron-ore mines in the respective country. In countries where mines faced no threat of closure, the iron-ore industry had little or no productivity gain over the decade. In countries where mines faced a large threat of closure, the industry typically had productivity gains ranging from 50 to 100 percent, gains that were unprecedented. ...
Report
Privatization's impact on private productivity: the case of Brazilian iron ore
A major motivation for the wave of privatizations of state-owned enterprises (SOEs) in the last twenty years was a belief that privatization would increase economic efficiency. There are now many studies showing most privatizations achieved this goal. Our theme is that the productivity gains from privatization are much more general and widespread than has typically been recognized in this literature. In assessing the productivity gains from privatization, the literature has only examined the productivity gains accruing at the privatized SOEs. But privatization may have significant impact on ...
Journal Article
Mining for missing links
By examining the iron ore industry, a Minneapolis Fed economist confirms that productivity gains are the direct result of increased competition.