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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 … electricity and the possibility of self-generated electricity at higher cost. Power outages lower productivity in the model by …
Persistent link: https://www.econbiz.de/10012481665
The electric utility industry is a prime culprit in the U.S. productivity growth slowdown of the last Iwo decades. This …-fueled electric generating capacity over the period 1948-87. Labor productivity and fuel efficiency both advanced rapidly until the … that registered particularly high or low productivity. The interviews reveal many variables and relations that are omitted …
Persistent link: https://www.econbiz.de/10012474992
end-of-period stocks. We also derive measures of productivity and capacity utilization for the adopted modeling framework …
Persistent link: https://www.econbiz.de/10012475331
In many countries, unreliable inputs, particularly those lacking storage, can significantly limit a firm's productivity …. We estimate the losses in productivity due to factor-neutral and factor-biased effects of electricity scarcity. Our …. Finally, we find that these productivity changes, while costly to firms, led to small reductions in carbon emissions …
Persistent link: https://www.econbiz.de/10012460917
For the first four decades of its existence the U.S. nuclear power industry was run by regulated utilities, with most companies owning only one or two reactors. Beginning in the late 1990s electricity markets in many states were deregulated and almost half of the nation's 103 reactors were sold...
Persistent link: https://www.econbiz.de/10012461317
-producing country such as the U.S. is associated with a 0.15% lower level of productivity. Second, technological knowledge has become … more global over the sample period. As a determinant of productivity, foreign R&D has significantly gained in importance …
Persistent link: https://www.econbiz.de/10012471267
This study documents a significant inverse relationship between grievance rates and productivity. It is argued in the …
Persistent link: https://www.econbiz.de/10012477723
-price frontier, attributes almost all the slowdown in total productivity to the rise in relative raw material prices. It is also … shown that part of the apparent productivity riddle has to do with the common use of double-deflated national accounting …
Persistent link: https://www.econbiz.de/10012478461
improve productivity downstream. We confirm such prediction by estimating a model of multifactor productivity growth in which … to the productivity frontier …
Persistent link: https://www.econbiz.de/10012462137
Economists emphasize two channels through which import liberalization affects productivity, one operating between and … to 2002. First, in the long run, import liberalization lowers productivity in domestic industries through selection. This …, liberalization also generates technological learning that can on net raise domestic productivity. Third, for short time horizons of …
Persistent link: https://www.econbiz.de/10012464568