Electricity in economic growth : a report / prepared by the Committee on Electricity in Economic Growth, Energy Engineering Board, Commission on Engineering and Technical Systems, National Research Council.

Format:

Book

Author/Creator:

National Research Council (U.S.). Committee on Electricity in Economic Growth.

Language:

English

Subjects (All):

Electric power--Conservation--United States.

Electric power.

Electric industries--United States.

Electric industries.

Economic development--Energy consumption.

Economic development.

Electric power--Economic aspects--United States.

Physical Description:

1 online resource (185 p.)

Edition:

1st ed.

Place of Publication:

Washington, D.C. : National Academy Press, 1986.

Language Note:

English

Summary:

This volume surveys the complex relationships between economic activity and electricity use, showing how trends in the growth of electricity demand may be affected by changes in the economy, and examining the connection between the use of electrotechnologies and productivity. With a mix of historical perspective, technical analysis, and synthesis of econometric findings, the book brings together a summary of the work of leading national experts.

Contents:

Electricity in Economic Growth

Copyright

Preface

Contents

Summary

RECOMMENDATIONS

CONCLUSIONS

Electricity Consumption

Productivity Growth

Technical Change

The Effects of Price Changes

Conservation

Composition of National Output

Regional Differences

1 Introduction, Conclusions, and Recommendations

INTRODUCTION

Two Important Relationships

The Structure of the Task

The Composition of National Output

2 Historical Perspective

HISTORICAL PATTERNS: 1902 TO 1983

The Growth of Electricity and Other Energy Consumption

Electricity Growth in Relation to the Growth of Gross National Product

POST-WORLD WAR II TRENDS: 1947 TO 1983

The Growth of Electricity Use and of Gross National Product

Electricity Use in the Major Consuming Sectors

Trends in Residential Use of Electricity

Trends in Commercial Use of Electricity

Trends in Industrial Use of Electricity

The Effects of Structural Change on Electricity Intensity

Measuring Structural Change

Electricity Intensity of the Sectors

Electricity Intensity within Manufacturing

Changes in Energy Prices

Price Movements

Price Elasticities

CONTINUITY AND CHANGE: PRE-AND POST-EMBARGO TRENDS

REFERENCES

3 Electricity and Productivity Growth

THE CONCEPT OF PRODUCTIVITY

THE BACKGROUND

THE RECENT DECLINE IN ECONOMIC GROWTH

World Economies

The U.S. Economy

U.S. Productivity Growth

THE ECONOMETRIC MODEL

A Model of Sectoral Productivity Growth

The Form of the Model

Parameters of the Model

Modeling the Role of Electricity in Productivity Growth

Results from the Model

Applying the Model.

Estimating the Biases of Productivity Growth

Patterns of the Biases of Productivity Growth

The Hypothesis Concerning Electricity and Productivity Growth

Subsidiary Hypotheses

Nonelectrical Energy and Productivity Growth

INTERPRETATION OF THE RECENT DECLINE IN GROWTH

4 Examples of Electrification and Productivity Gains

ELECTRICITY AND TECHNOLOGICAL PROGRESS

KINDS OF TECHNICAL CHANGE THAT ALTER ELECTRICITY USE

EXAMPLES OF ELECTRICITY-DEPENDENT TECHNICAL CHANGE

Arc Furnace Steelmaking

Metals Processing by Lasers and Electron Beams

Laser Processing

Electron Beam Processing

Investments in Energy Efficiency of Buildings

Automation

OTHER INDUSTRIAL TECHNOLOGIES

THE SIGNIFICANCE OF ELECTRIFICATION

5 Future Economic Influences on Electricity Use

THE RANGE OF RECENT FORECASTS

THE CHANGING COMPOSITION OF NATIONAL OUTPUT

The Industrial Sector

Trends in Electricity Use

The Growth of Electrified Processes

The Commercial Sector

The Residential Sector

PRICES OF ELECTRICITY AND OTHER FUELS

General Price Considerations

Regional Price Considerations

Effects of Price on Electricity Use

PRACTICES AND POTENTIALS FOR EFFICIENCY IMPROVEMENTS: CONSERVATION AND LOAD MANAGEMENT

Utility Experience

Prospects for Realizing the Potential of Conservation and Load Management

Economic Effects

THE OUTLOOK

Appendix A Statement of Work

Appendix B Measures of Economic Growth and of Electricity Demand

Appendix C Econometric Model of Production and Technical Change

TECHNICAL APPENDIX

Appendix D Excerpts From an Analysis of the Expected Impact of Various Electrotechnologies on Electricity Demand

TERMS USED IN THE TABLES

Glossary.

Notes:

Bibliographic Level Mode of Issuance: Monograph

ISBN:

9786610221745

9781280221743

1280221747

9780309542555

0309542553

9780585155791

0585155798

OCLC:

45734143