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Innovation and Drivers of Productivity: A Global Analysis of Selected Critical Minerals
Version 1
: Received: 9 August 2023 / Approved: 9 August 2023 / Online: 9 August 2023 (14:37:48 CEST)
A peer-reviewed article of this Preprint also exists.
Ahmad, S. Innovation and Drivers of Productivity: A Global Analysis of Selected Critical Minerals. Commodities 2023, 2, 417-432. Ahmad, S. Innovation and Drivers of Productivity: A Global Analysis of Selected Critical Minerals. Commodities 2023, 2, 417-432.
Abstract
Innovation and technology are important tools of minerals sector efficiency and productivity im-provement. The uptake of technologies has proven important levelrs to improve the productivity of mining sector. This paper provides a comprehensive analysis of mine-level productivity by using a global data of copper, gold, and platinum from 1991-2020. Various drivers of proioductivity have been analysed to draw policy insights. Empirical findings reveal significant disparities in technical efficiency and productivity across mines and regions. A further decomposition of TFP into its different components suggest that the adoption of innovative practices and investment in technology adoption could improve the overall productivity of these commodities. The findings also suggest that an appropriate input mix and optimal scale of production could boost platinum mining productivity. Regional disparities in productivity in different commodities (e.g., South Africa vs. Zimbabwe) give policymakers with insights into how to support production scale and productivity through appropriate input mixtures.
Keywords
mining innovation; technology; efficiency & productivity; scale & scope economies; DEA
Subject
Business, Economics and Management, Econometrics and Statistics
Copyright: This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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