This paper provides novel evidence on the impact of changes in energy prices on manufacturing performance in two large developing economies -- Indonesia and Mexico. It finds that unlike increases in electricity prices, which harm plants' performance, fuel price hikes result in higher...

The relationship between energy price dynamics and competitiveness is crucial in the transition to environmental and economic sustainability. On the one hand, rising energy prices may induce process innovations and increase mark ups, thereby intensifying competitiveness. On the other hand,...

This paper provides novel evidence on the impact of changes in energy prices on manufacturing performance in two large developing economies-Indonesia and Mexico. It finds that unlike increases in electricity prices, which harm plants' performance, fuel price hikes result in higher productivity...