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In Defense of Electricity as a General Purpose Technology

Kander, Astrid LU ; Enflo, Kerstin LU and Schön, Lennart (2007) In CIRCLE Electronic Working Paper Series 2007/06.
Abstract
Electricity has been regarded as a typical example of a general purpose technology and important for the surge both in energy productivity and overall productivity in the American economy in the 1920s. This view was challenged by Nicholas and Moser (2004) based on patent statistics. We argue that other methods are required for studying productivity effects and propose cointegration analyses. We demonstrate a clear impact from electrification on energy productivity in those broad Swedish industrial branches that used electricity for multiple uses. This effect goes beyond mere book-keeping effects and indicates the existence of dynamic effects.
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author
organization
publishing date
type
Working Paper
publication status
published
subject
keywords
electricity, GPT, productivity, cointegration, dynamic effects
in
CIRCLE Electronic Working Paper Series
volume
2007/06
publisher
Center for Innovation Research and Competence in the Learning Economy (utgivare)
ISSN
1654-3149
language
English
LU publication?
yes
id
232a8b16-0a85-4b3f-9ebb-2bb1f5c0c42f (old id 940218)
alternative location
http://www.circle.lu.se/upload/CIRCLE/workingpapers/200706_Kander_et_al.pdf
date added to LUP
2008-02-01 16:40:30
date last changed
2016-04-16 05:32:46
@misc{232a8b16-0a85-4b3f-9ebb-2bb1f5c0c42f,
  abstract     = {Electricity has been regarded as a typical example of a general purpose technology and important for the surge both in energy productivity and overall productivity in the American economy in the 1920s. This view was challenged by Nicholas and Moser (2004) based on patent statistics. We argue that other methods are required for studying productivity effects and propose cointegration analyses. We demonstrate a clear impact from electrification on energy productivity in those broad Swedish industrial branches that used electricity for multiple uses. This effect goes beyond mere book-keeping effects and indicates the existence of dynamic effects.},
  author       = {Kander, Astrid and Enflo, Kerstin and Schön, Lennart},
  issn         = {1654-3149},
  keyword      = {electricity,GPT,productivity,cointegration,dynamic effects},
  language     = {eng},
  note         = {Working Paper},
  publisher    = {Center for Innovation Research and Competence in the Learning Economy (utgivare)},
  series       = {CIRCLE Electronic Working Paper Series},
  title        = {In Defense of Electricity as a General Purpose Technology},
  volume       = {2007/06},
  year         = {2007},
}