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General Purpose Technologies and Economic Growth: Electricity Diffusion in the Manufacturing Sector Before WWII

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  • Ristuccia, C.A.
  • Solomou, S.

Abstract

This paper evaluates the diffusion of electricity within the context of a GPT perspective. The paper develops a new comparative data set on the usage of electricity in the manufacturing sectors of the US, Britain, France, Germany and Japan and proceeds to evaluate the hypotheses of a productivity slowdown and of a productivity bonus as postulated by many existing GPT models.

Suggested Citation

  • Ristuccia, C.A. & Solomou, S., 2010. "General Purpose Technologies and Economic Growth: Electricity Diffusion in the Manufacturing Sector Before WWII," Cambridge Working Papers in Economics 1048, Faculty of Economics, University of Cambridge.
  • Handle: RePEc:cam:camdae:1048
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    File URL: http://www.econ.cam.ac.uk/research-files/repec/cam/pdf/cwpe1048.pdf
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    References listed on IDEAS

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    1. Nickell, Stephen J, 1996. "Competition and Corporate Performance," Journal of Political Economy, University of Chicago Press, vol. 104(4), pages 724-746, August.
    2. John Kwoka & Michael Pollitt & Sanem Sergici, 2010. "Divestiture policy and operating efficiency in U.S. electric power distribution," Journal of Regulatory Economics, Springer, vol. 38(1), pages 86-109, August.
    3. Delmas, Magali & Tokat, Yesim, 2003. "Deregulation Process, Governance Structures and Efficiency: The U.S. Electric Utility Sector," Research Papers 1790, Stanford University, Graduate School of Business.
    4. Kaserman, David L & Mayo, John W, 1991. "The Measurement of Vertical Economies and the Efficient Structure of the Electric Utility Industry," Journal of Industrial Economics, Wiley Blackwell, vol. 39(5), pages 483-502, September.
    5. Sappington, David E. M. & Pfeifenberger, Johannes P. & Hanser, Philip & Basheda, Gregory N., 2001. "The State of Performance-Based Regulation in the U.S. Electric Utility Industry," The Electricity Journal, Elsevier, vol. 14(8), pages 71-79, October.
    6. Kwoka, John E., 2002. "Vertical economies in electric power: evidence on integration and its alternatives," International Journal of Industrial Organization, Elsevier, vol. 20(5), pages 653-671, May.
    7. Teece, David J., 1980. "Economies of scope and the scope of the enterprise," Journal of Economic Behavior & Organization, Elsevier, vol. 1(3), pages 223-247, September.
    8. Pablo Arocena & David S. Saal & Tim Coelli, 2012. "Vertical and Horizontal Scope Economies in the Regulated U . S . Electric Power Industry," Journal of Industrial Economics, Wiley Blackwell, vol. 60(3), pages 434-467, September.
    9. Charnes, A. & Cooper, W. W. & Rhodes, E., 1978. "Measuring the efficiency of decision making units," European Journal of Operational Research, Elsevier, vol. 2(6), pages 429-444, November.
    10. Michael Maloney, 2001. "Economies and Diseconomies: Estimating Electricity Cost Functions," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 19(2), pages 165-180, September.
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    More about this item

    Keywords

    Copyright; General Purpose Technologies; Economic Growth; Economic History; Productivity; Long Swings;

    JEL classification:

    • N11 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - U.S.; Canada: Pre-1913
    • N12 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - U.S.; Canada: 1913-
    • N13 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: Pre-1913
    • N14 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: 1913-
    • N60 - Economic History - - Manufacturing and Construction - - - General, International, or Comparative
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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