Arora, Vipin; Lieskovsky, Jozef - 2016
We argue for the resurrection of an old idea: electricity use as an indicator of U.S. economic activity. Our analysis … relies on associations - the 40-year correlation between growth rates in real GDP and electricity use can be as high as 89 …% - and intuition. Electricity use and economic conditions should move together. The vast majority of goods and services are …