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Energy intensity and firm growth

Author

Listed:
  • Choi, Bongseok
  • Park, Wooyoung
  • Yu, Bok-Keun
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.

Suggested Citation

  • Choi, Bongseok & Park, Wooyoung & Yu, Bok-Keun, 2017. "Energy intensity and firm growth," Energy Economics, Elsevier, vol. 65(C), pages 399-410.
    • Handle: RePEc:eee:eneeco:v:65:y:2017:i:c:p:399-410
    DOI: 10.1016/j.eneco.2017.05.015
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    References listed on IDEAS

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    More about this item

    Keywords

    Energy intensity; Economic growth; Firm growth;
    All these keywords.

    JEL classification:

    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy

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