The productivity impacts of energy efficiency programs in developing countries: Evidence from iron and steel firms in China
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1-s2.0-S1043951X19301257-main.pdf
Description
Published version
Size
811.15 KB
Format
Adobe PDF
Checksum (MD5)
233e51ce932270510c3a06d8d738ddc6
Author(s)
Filippini, Massimo
Geissmann, Thomas
Karplus, Valerie J
Zhang, Da
Date Issued
2020
Journal
China Economic Review
Publisher
Elsevier BV
Version
Final published version
Abstract
© 2019 The Authors 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.
MIT Department
Sloan School of Management
Terms of Use
Creative Commons Attribution-NonCommercial-NoDerivs License
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DOI of Published Version
https://doi.org/10.1016/J.CHIECO.2019.101364
