Energy efficiency and productivity in emerging and developing Asian countries: A firm level analysis

Anam Shehzadi

Journal of Asian Economics, 2023, vol. 88, issue C

Abstract: The Asian region has experienced tremendous growth in recent years. As in therest of the world, this progress has led to significant energy consumption, which in turn is having a major environmental impact. As a result, energy efficiency strategies have become the order of the day for many industries. However, the relationship betweenproductivity and energy efficiency has hardly been studied at thefirm's level. This paper uses three measuresfor a comprehensive analysis of firm-level productivity and energy efficiency in Asian emerging and developing countries. Data from the World Bank Enterprise Surveys (WBES) from 2011 to 2016 are used for the empirical analysis. The results show that manufacturing businesses' Productivity ispositively associated with energy efficiency acrossthe region. These results are robust acrossall three energy efficiency measures, accounting for heterogeneity by countryand industry, and are consistent with Porter's hypothesis that improving environmental quality leads tohigher firm Productivity. Thus, the results support the proposition that improving energy efficiency contributes to increasing manufacturing firms' Productivity. Therefore, focusing on energy efficiency should bean integral part of policy-making for companies looking to increase output as well as to improve environmental quality.

Keywords: Firm productivity; Firm-level energy efficiency; Emerging and developing Asian countries (search for similar items in EconPapers)
JEL-codes: D22 L25 O53 Q56 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1049007823000738
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:asieco:v:88:y:2023:i:c:s1049007823000738

DOI: 10.1016/j.asieco.2023.101653

Access Statistics for this article

Journal of Asian Economics is currently edited by C. Wiemer

More articles in Journal of Asian Economics from Elsevier
Bibliographic data for series maintained by Catherine Liu ().