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Aggregate Productivity under an Energy-Based Approach

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  • Arora, Vipin

Abstract

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.

Suggested Citation

  • Arora, Vipin, 2016. "Aggregate Productivity under an Energy-Based Approach," EconStor Research Reports 126146, ZBW - Leibniz Information Centre for Economics.
  • Handle: RePEc:zbw:esrepo:126146
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    References listed on IDEAS

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    More about this item

    Keywords

    total factor productivity; energy consumption; economic growth; international;
    All these keywords.

    JEL classification:

    • E00 - Macroeconomics and Monetary Economics - - General - - - General
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy

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