Data and code for: Electricity and Firm Productivity: A General Equilibrium Approach
Principal Investigator(s): View help for Principal Investigator(s) Stephie Fried, Federal Reserve Bank of San Francisco; David Lagakos, Boston University
Version: View help for Version V1
| Name | File Type | Size | Last Modified |
|---|---|---|---|
| replication_package | 09/19/2023 07:59:PM |
Project Citation:
Fried, Stephie, and Lagakos, David . Data and code for: Electricity and Firm Productivity: A General Equilibrium Approach. Nashville, TN: American Economic Association [publisher], 2023. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2023-10-05. https://doi.org/10.3886/E172901V1
Project Description
Summary:
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Many policymakers view power outages as a major constraint on firm productivity in developing countries. Yet empirical studies find modest short-run effects of outages on firm performance. This paper builds a dynamic macroeconomic model to study the long-run general-equilibrium effects of power outages on productivity. Outages lower productivity in the model by creating idle resources, depressing the scale of incumbent firms and reducing entry of new firms. Consistent with the empirical literature, the model predicts small short-run effects of eliminating outages. However, the long-run general-equilibrium effects are much larger, supporting the view that eliminating outages is an important development objective.
Scope of Project
JEL Classification:
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O11 Macroeconomic Analyses of Economic Development
O11 Macroeconomic Analyses of Economic Development
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