Labor productivity and comparative advantage in mining:

Garcia, Patricio; Knights, Peter; Tilton, John E.

doi:10.1016/s0301-4207(01)00010-1

Cited by 42 publications

(23 citation statements)

References 2 publications

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“…5 Introducing trade costs can emphasize the spatial dimension of the model. The METRO model can also be extended by introducing technical progress, which is not negligible in the long run (Aydin and Tilton, 2000;Garcia et al, 2001). Not least, the model can be calibrated to a large number of other metals.…”

Section: Discussionmentioning

confidence: 99%

The Metal Resources (METRO) Model. A Dynamic Partial Equilibrium Model for Metal Markets Applied to Rare Earth Elements

Pothen

2013

SSRN Journal

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Die Dis cus si on Pape rs die nen einer mög lichst schnel len Ver brei tung von neue ren For schungs arbei ten des ZEW. Die Bei trä ge lie gen in allei ni ger Ver ant wor tung der Auto ren und stel len nicht not wen di ger wei se die Mei nung des ZEW dar.Dis cus si on Papers are inten ded to make results of ZEW research prompt ly avai la ble to other eco no mists in order to encou ra ge dis cus si on and sug gesti ons for revi si ons. The aut hors are sole ly respon si ble for the con tents which do not neces sa ri ly repre sent the opi ni on of the ZEW. Extensive sensitivity analyses indicate their robustness. Acknowledgements I am deeply indebted to

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Section: Discussionmentioning

confidence: 99%

The Metal Resources (METRO) Model. A Dynamic Partial Equilibrium Model for Metal Markets Applied to Rare Earth Elements

Pothen

2013

SSRN Journal

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“…Cole et al (2005) report that the exodus of skilled foreign managers and experts associated with the nationalization of the Venezuelan oil industry led to a sharp decline in output and labor productivity. Using data from Garcia, Knights, and Tilton (2001), they also find that the entry of more efficient private copper mining companies in Chile in the 1990s led to an acceleration of labor productivity growth at the state-owned Codelco mines by using superior technology and/or better expertise. Importantly, the technologies and expertise were available prior to the reversal of the 1971 nationalization, but senior management was too incompetent or unwilling to introduce either.…”

Section: Microeconomics Of Executive Turnaroundmentioning

confidence: 97%

In the Wrong Hands: Complementarities, Resource Allocation, and TFP

Alder

2016

American Economic Journal: Macroeconomics

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I explore mismatch between firms and their managers as a source of variation in aggregate output and total factor productivity (TFP). The model is calibrated to match observations on the size distribution of US manufacturing firms, managerial compensation, and aggregate moments in the national accounts. Quantitatively, small deviations from assortative matching can have sizeable effects on output and TFP. "Cronyism," where managerial positions are allocated by status rather than talent, imposes a substantial burden on economic welfare. Moreover, the model can reconcile the seemingly contradictory evidence from numerous case studies with results from recent contributions to the assignment literature. (JEL D24, E23, L11, L60, M52, O40)O ne of the most striking facts in macroeconomics is the variation of income per capita across countries. Recent work suggests that the lion's share in these differences can be explained by cross-country variations in total factor productivity (TFP) rather than variations in human and physical capital accumulation. 1 Building on work by Restuccia and Rogerson (2008) and Hsieh and Klenow (2009), a recent literature emphasizes misallocation as a potential explanation for low TFP. The aim of this paper is to quantitatively explore one particular form of misallocation, namely mismatch between the attributes of projects and the people who run them, as a source of aggregate productivity losses.To explore this question I embed the assignment problem of Terviö (2008) into an otherwise standard Lucas span-of-control model. The economy is populated by heterogeneous managers and projects, and a firm consists of a matched manager-project 1 Recent contributions to this literature include, among many others: Klenow and

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“…The key outcome of the nationalization is that Codelco faced very little foreign or domestic competition. Despite some reforms by Pinochet to encourage foreign investment in the 1980s, there was very little 13 The material in this section draws from Aydin and Tilton (2000), Garcia, Knights, and Tilton ( , 2001, and Tilton (2002). We thank John Tilton for providing us with his data.…”

Section: Allowing Entry In Chile's Copper Industrymentioning

confidence: 99%

“…Productivity increased by a factor of more than 3.5 over the 1990s, which is a growth rate of 14 percent per year, compared to a growth rate of 3.5 percent per year before 1990. Garcia, Knights, and Tilton (2001) show that about 30 percent of the productivity gain was from higher efficiency at individual mines, while 70 percent of the gain was from shifting location, that is, from the production of new entrants.…”

Section: Allowing Entry In Chile's Copper Industrymentioning

confidence: 99%