The productivity impacts of energy efficiency programs in developing countries: Evidence from iron and steel firms in China
Massimo Filippini (),
Valerie J. Karplus and
China Economic Review, 2020, vol. 59, issue C
We study the impact of a national energy efficiency program on total factor productivity (TFP) growth in firms in China's iron and steel industry. Using detailed firm-level survey data and multiple approaches to estimate program effects, we find participating firms experienced greater annualized TFP change. Our base specification estimates the program increased annual TFP growth by 3.1 percentage points, implying an annual private benefit of 148.7 million RMB/year per firm, with approximately equal contributions from technical change and scale efficiency change. Our results suggest that firms undervalued energy efficiency investments prior to the start of the program.
Keywords: Energy efficiency; Firms; China; Productivity; Cost function (search for similar items in EconPapers)
JEL-codes: Q48 D24 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:chieco:v:59:y:2020:i:c:s1043951x19301257
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