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| 1 |
ID:
166297
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| Summary/Abstract |
This study examines whether types of energy consumption affects the total factor productivity (TFP) growth. Using annual data of 1981–2013 for the panel sample of 36 countries, the results show that fossil fuel consumption declines the TFP growth, whereas, renewable energy consumption boosts the TFP growth. However, the results vary across different sub-panels. Further, the results from panel Granger causality support the feedback hypothesis in the long-run, whereas, weak evidence is found in the short-run. Since our findings supported feedback hypothesis, thus, policy should focus on reducing fossil fuel and using more renewable energy for achieving a ‘‘win-win’’ position of sustainable higher productivity growth with protective environmental quality in the long-run.
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| 2 |
ID:
176814
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| Summary/Abstract |
Environmental and technical efficiency in the electricity sector is a major focus of regulatory policies aimed at hastening greenhouse gas reduction and lowering energy prices for final consumers. Understanding the impact of market and environmental regulations on efficiency is crucial for the design and choice of policy packages. At the national level, the productivity response to regulations depends on unobserved country-specific factors that current empirical analyses have not modelled. In this framework, we analyse the regulation effects on efficiency in the electricity sector for a panel of European Union countries. We explicitly consider the effects of the environmental regulation along with the market regulation. Our estimation strategy uses the Bayesian shrinkage estimator, which can deal with the bias aggregation problem and cross-country heterogeneity. It allows us to identify the different transmission channels through which regulatory policy is implemented. The results highlight divergent behaviours at the country level. The direct impacts of the market and environmental regulatory policies on productivity are negative—around −2.7% and −2.3%, respectively—but the countries vary in the degree to which they are able to compensate these negative effects.
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| 3 |
ID:
105276
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| Publication |
2011.
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| Summary/Abstract |
The debate on the role of total factor productivity (TFP) in China's rapid economic growth has led to the emergence of a large pool of papers on this topic. There is however hardly any consensus in the literature. This paper surveys 74 studies published from the 1990s onwards and employs meta-analysis to investigate whether the empirical findings are systematically affected by the choice of methods, selection of samples, and objectives of individual studies. Insights gained are used to draw implications for further studies.
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