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Autor:innen: 
Erscheinungsjahr: 
2025
Schriftenreihe/Nr.: 
CESifo Working Paper No. 10944
Versionsangabe: 
This Version: August 2025
Verlag: 
CESifo GmbH, Munich
Zusammenfassung: 
The transition from traditional labor intensive to modern capital intensive production is a key factor for industrial development. Using half a million observations from Indian manufacturing plants, I analyze the effects of a secular decrease in industrial electricity prices through the lens of a model with technology choices and complementarities between electricity and capital inputs. Using instrumental variables, I show how lower industrial electricity prices can increase both labor productivity and electricity productivity. Apart from positive effects on firm economic and environmental performance, cost-price pass through significantly benefited consumers, and the productivity improvements limited increases in carbon emissions.
Schlagwörter: 
industrial development
energy efficiency
electricity productivity
labor productivity
electricity prices
coal prices
incidence
climate policy
JEL: 
Q41
D24
D22
O14
Dokumentart: 
Working Paper
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Version Dokument Versionsbeschreibung
2 10419/296033.2 This Version: August 2025
1 10419/296033 Original Version: February 2024

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