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Is the Electricity Sector a Weak Link in Development? / Jonathan M. Colmer, David Lagakos, Martin Shu.
- Format:
- Book
- Author/Creator:
- Colmer, Jonathan M.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w32041.
- NBER working paper series no. w32041
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2024.
- Summary:
- This paper asks whether increasing productivity in the electricity sector can yield larger long-run GDP gains than suggested by electricity's small share of aggregate economic activity. We answer this question using a dynamic multi-sector model in which electricity is a strong complement to other inputs in production. We parameterize the model using our own new measures of electricity-sector TFP across countries. The model predicts modest long-run GDP gains from improving electricity-sector TFP, contrary to the notion that electricity is a weak link. Parameterizations that make electricity a weak link mostly require the electricity sector to be counterfactually large or unproductive.
- Notes:
- Print version record
- January 2024.
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