Effects of digital transformation on electricity sector growth and productivity: A study of thirteen industrialized economies

Khuong Vu and Kris Hartley

Utilities Policy, 2022, vol. 74, issue C

Abstract: This study examines growth patterns and sources of labour productivity growth and catch-up in the electricity sector. The study uses decomposition analysis to examine 13 industrialized economies from 2000 to 2015, a period of high growth in the sector. The study finds that total factor productivity and digital assets are the most powerful drivers of labour productivity growth and catch-up, while non-ICT assets have only a minor effect. Furthermore, labour quality outpaces R&D as a determinant of productivity. This study has implications for labour and industrial policy in the context of technological transformation and institutional restructuring in the electricity sector.

Keywords: Electricity; Productivity performance; Growth decomposition; Catch-up; Digital transformation; R&D (search for similar items in EconPapers)
JEL-codes: O10 O13 O30 O40 O47 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:juipol:v:74:y:2022:i:c:s0957178721001594

DOI: 10.1016/j.jup.2021.101326

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