全球智库信息集成服务系统(G2TT): Electricity and Firm Productivity: A General-Equilibrium Approach

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w27081
来源ID	Working Paper 27081
	Electricity and Firm Productivity: A General-Equilibrium Approach
	Stephie Fried; David Lagakos
发表日期	2020-05-04
出版年	2020
语种	英语
摘要	The lack of reliable electricity in the developing world is widely viewed by policymakers as a major constraint on firm productivity. Yet most empirical studies find modest short-run effects of power outages on firm performance. This paper builds a dynamic macroeconomic model to study the long-run general equilibrium effects of power outages on productivity. The model captures the key features of how firms acquire electricity in the developing world, in particular the rationing of grid electricity and the possibility of self-generated electricity at higher cost. Power outages lower productivity in the model by creating idle resources, by depressing the scale of incumbent firms and by reducing entry of new firms. Consistent with the empirical literature, the model predicts that the short-run partial-equilibrium effects of eliminating outages are small. However, the long-run general-equilibrium effects are many times larger, supporting the view that eliminating outages is an important development objective.
主题	Macroeconomics ; Macroeconomic Models ; Consumption and Investment ; Development and Growth ; Development ; Growth and Productivity ; Environmental and Resource Economics ; Energy
URL	https://www.nber.org/papers/w27081
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/584754
推荐引用方式 GB/T 7714	Stephie Fried,David Lagakos. Electricity and Firm Productivity: A General-Equilibrium Approach. 2020.

条目包含的文件
文件名称/大小	资源类型	版本类型	开放类型	使用许可
w27081.pdf（342KB）	智库出版物		限制开放	CC BY-NC-SA	浏览