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U.S. Department of Energy
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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