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Kerstin Enflo. Foto.

Kerstin Enflo

Professor

Kerstin Enflo. Foto.

In Defense of Electricity as a General Purpose Technology

Författare

  • Astrid Kander
  • Kerstin Enflo
  • Lennart Schön

Summary, in English

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.

Avdelning/ar

  • Ekonomisk-historiska institutionen
  • CIRCLE

Publiceringsår

2007

Språk

Engelska

Publikation/Tidskrift/Serie

CIRCLE Electronic Working Paper Series

Volym

2007/06

Dokumenttyp

Working paper

Förlag

Center for Innovation Research and Competence in the Learning Economy (utgivare)

Ämne

  • Economic History
  • Social Sciences Interdisciplinary

Nyckelord

  • electricity
  • GPT
  • productivity
  • cointegration
  • dynamic effects

Aktiv

Published

ISBN/ISSN/Övrigt

  • ISSN: 1654-3149