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 … Indonesian and 1.2 percent for Mexican plants. The evidence suggests that effects are driven by the incentives that fuel price …