Aggregate productivity under an energy-based approach

Vipin Arora

Obtaining reliable data on capital is a recurring challenge when estimating economy-wide productivity growth, especially for developing countries. In this paper I construct energy-based productivity series which use energy consumption instead of capital when making such estimates. I first show that - for the U.S. and select OECD countries - growth in the energy-based series are strongly correlated with other sources historically. I then estimate energy-based productivity growth for other OECD and non-OECD countries where data on capital and productivity is more limited.

MoreLess

Year of publication:	[2016]
Authors:	Arora, Vipin
Publisher:	[Kiel : ZBW
Subject:	total factor productivity \| energy consumption \| economic growth \| international \| Produktivität \| Productivity \| Wirtschaftswachstum \| Economic growth \| Energiekonsum \| Energy consumption \| Theorie \| Theory \| Produktivitätsentwicklung \| Productivity change