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Energy intensity and firm growth

Bongseok Choi, Wooyoung Park and Bok-Keun Yu

Energy Economics, 2017, vol. 65, issue C, 399-410

Abstract: Using micro-level data, we attempt to identify the causal relationship between improvement (decline) in energy intensity and firm growth in six countries, namely, France, Germany, Japan, Korea, the U.K., and the U.S., and 21 manufacturing industries during the period 1991 to 2005. We run a panel regression of firm growth using the inverse of a country- and industry-specific relative energy intensity (REI) measure with the corresponding industrial sector in the reference case (the U.S. industry) in addition to the inverse of the traditional energy intensity measure (EI) after controlling several firm, industry, and country variables.

Keywords: Energy intensity; Economic growth; Firm growth (search for similar items in EconPapers)
JEL-codes: D24 O13 Q43 (search for similar items in EconPapers)
Date: 2017
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