Role of energy in productivity growth. Final report
Technical Report
·
OSTI ID:6946701
The objective of this paper is to analyze the role of energy in the growth of productivity. For this purpose we develop and implement a new econometric model of productivity growth. We have estimated the unknown parameters of this model from data for thirty-five individual industries of the United States for the period 1958 to 1979. Our econometric model determines the growth of sectoral productivity as a function of the relative prices of sectoral inputs. To capture the impact of electrification we have divided inputs for each sector among capital, labor, electricity, nonelectrical energy, and materials inputs.
- Research Organization:
- Jorgenson (Dale W.) Associates, Cambridge, MA (USA)
- OSTI ID:
- 6946701
- Report Number(s):
- EPRI-EA-3482; ON: TI84920356
- Country of Publication:
- United States
- Language:
- English
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