@techreport{oai:grips.repo.nii.ac.jp:00001894, author = {CALZADA, OLVERA Beatriz and IIZUKA, Michiko}, note = {https://www.grips.ac.jp/list/jp/facultyinfo/iizuka-michiko/, This study brings together existing evidence to identify the key features of innovation in the mining sector that directly result from its profit structure, which in turn depends strongly on commodity prices. We hypothesize two innovation responses to prices which we test against existing evidence found in recent literature and available industry data. We find two different innovation responses to prices: exploration and R&D investments increase as commodity prices rise, while the use of suppliers’ innovation intensifies when prices decrease.}, title = {The mining sector: Profit-seeking strategies, innovation patterns, and commodity prices} }