Electrification and energy productivity
Efficiency in energy use is crucial for sustainable development. We use cointegration analyses to investigate the effect of electricity on energy productivity in Swedish industry 1930-1990. Electricity augmented energy productivity in those industrial branches that used electricity for multiple purposes. This productivity effect goes beyond “book-keeping effects”, i. e. it is not only the result of electricity being produced in one sector (taking the energy transformation losses) and consumed in another (receiving the benefits).
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