Calì, Massimiliano; Cantore, Nicola; Iacovone, Leonardo; … - 2019
developing economies-Indonesia and Mexico. It finds that unlike increases in electricity prices, which harm plants' performance …, fuel price hikes result in higher productivity and profits of manufacturing plants. The results of instrumental variable … estimation imply that a 10 percent increase in fuel prices would lead to a 3.3 percent increase in total factor productivity for …