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Electricity availability: A precondition for faster economic growth?

Best, Rohan; Burke, Paul

Description

We investigate if greater electricity availability helps countries ascend to faster economic growth trajectories. This is an important question for many developing countries that are currently prioritizing infrastructure investments. Using cross-sectional and panel regressions with national-level decadal data, we find some evidence that electricity availability has a significant effect on subsequent economic growth. However, much of the effect disappears once suitable controls are included. We...[Show more]

dc.contributor.authorBest, Rohan
dc.contributor.authorBurke, Paul
dc.date.accessioned2018-07-02T23:54:03Z
dc.identifier.citationBest, Rohan and Burke, Paul J. 2018. ‘Electricity availability: A precondition for faster economic growth?’ Energy Economics 74,
dc.identifier.issn0140-9883
dc.identifier.urihttp://hdl.handle.net/1885/144673
dc.description.abstractWe investigate if greater electricity availability helps countries ascend to faster economic growth trajectories. This is an important question for many developing countries that are currently prioritizing infrastructure investments. Using cross-sectional and panel regressions with national-level decadal data, we find some evidence that electricity availability has a significant effect on subsequent economic growth. However, much of the effect disappears once suitable controls are included. We examine various dimensions of electricity availability, including electricity consumption quantity, generation capacity, residential access rate, and quality of electricity supply. It appears that electricity availability is best viewed as something that can be scaled up as economies grow rather than something that imposes binding constraints on subsequent economic growth.
dc.description.sponsorshipFunding was received from the Australian Research Council (DE160100750). This research was also supported by an Australian Government Research Training Program (RTP) Scholarship.
dc.format.mimetypeapplication/pdf
dc.publisherElsevier
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/
dc.sourceEnergy Economics
dc.subjectElectricity availability
dc.subjectElectricity consumption
dc.subjectEconomic growth
dc.subjectDevelopment economics
dc.titleElectricity availability: A precondition for faster economic growth?
dc.typeJournal article
local.identifier.citationvolume74
dcterms.dateAccepted2018
dc.date.issued2018
local.identifier.absfor140202 - Economic Development and Growth
local.identifier.ariespublicationU1061771xPUB48
local.publisher.urlhttps://www.elsevier.com/
local.type.statusAccepted Version
local.contributor.affiliationBest, Rohan, Arndt-Corden Department of Economics, The Australian National University
local.contributor.affiliationBurke, P. J. Crawford School of Public Policy, The Australian National University
dc.relationhttp://purl.org/au-research/grants/arc/DE160100750
local.bibliographicCitation.startpage321
local.bibliographicCitation.lastpage329
local.identifier.doi10.1016/j.eneco.2018.06.018
local.identifier.absseo910103 - Economic Growth
dcterms.accessRightsOpen Access
CollectionsANU Research Publications

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