Paying Too Much for Energy? The True Costs of Our Energy Choices
Name
Banerjee12-06.pdf
Size
1.85 MB
Format
Adobe PDF
Checksum (MD5)
9196bfb74ce760b2d22ca8d65e4f249f
Author(s)
Greenstone, Michael
Looney, Adam
Date Issued
February 24, 2012
Publisher
Cambridge, MA: Department of Economics, Massachusetts Institute of Technology
Series/Report no.
Working paper, Department of Economics, Massachusetts Institute of Technology;12-06
Abstract
This paper estimates the effect of access to transportation networks on regional economic outcomes in China over a twenty-period of rapid income growth. It addresses the problem of the endogenous placement of networks by exploiting the fact that these networks tend to connect historical cities. Our results show that proximity to transportation networks have a moderate positive causal effect on per capita GDP levels across sectors, but no effect on per capita GDP growth. We provide a simple theoretical framework with empirically testable predictions to interpret our results. We argue that our results are consistent with factor mobility playing an important role in determining the economic benefits of infrastructure development.
Description
Note: Despite reference to earlier paper and paper's revision date, this is the first time this paper has been an MIT, Dept of Economics working paper.
Subjects
costs of alternative energy
energy externalities
health costs of energy
private costs of energy
reforming energy policy
social costs of energy
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