Electricity Cost and Firm Performance: Evidence from India

被引：89

作者：

Abeberese, Ama Baafra ^{[1
]}

机构：

[1] Wellesley Coll, Wellesley, MA 02181 USA

来源：

REVIEW OF ECONOMICS AND STATISTICS | 2017年 / 99卷 / 05期

关键词：

PRODUCTIVITY; SHORTAGES; INDUSTRY; GROWTH; INPUTS;

D O I：

10.1162/REST_a_00641

中图分类号：

F [经济];

学科分类号：

020101 [政治经济学];

摘要：

Using data on Indian firms, I provide evidence on how electricity prices affect a firm's industry choice and productivity growth. I construct an instrument for electricity price as the interaction between coal price and the share of thermal generation in a state's total electricity generation capacity. I find that in response to an exogenous increase in electricity price, firms switch to less electricity-intensive production processes within narrowly defined industries, reduce their machine intensity, and have lower output and productivity growth rates. Thus, electricity constraints may limit a country's growth by leading firms to operate in industries with fewer productivity-enhancing opportunities.

引用

页码：839 / 852

页数：14

共 41 条

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