Aggregate Productivity under an Energy-Based Approach

Vipin Arora ()

EconStor Research Reports from ZBW - Leibniz Information Centre for Economics

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.

Keywords: total factor productivity; energy consumption; economic growth; international (search for similar items in EconPapers)
JEL-codes: E00 O40 Q43 (search for similar items in EconPapers)
Date: 2016
New Economics Papers: this item is included in nep-eff, nep-ene and nep-mac
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:esrepo:126146

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