Industrial Investments in Energy Efficiency: A Good Idea? /

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Bibliographic Details
Author / Creator:Li, Jialin, author.
Ann Arbor : ProQuest Dissertations & Theses, 2017
Description:1 electronic resource (79 pages)
Format: E-Resource Dissertations
Local Note:School code: 0330
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Other authors / contributors:University of Chicago. degree granting institution.
Notes:Advisors: Steven J. Davis Committee members: Michael Greenstone; Ali Hortascu.
Dissertation Abstracts International, Volume: 78-12(E), Section: A.
Summary:Industrial investment in energy efficiency could harm adopting plant's long term performance. Although total energy spending decreases, energy cost per output increases 20% after investment, along with 8% productivity decline. These are the main conclusions we reach by conducting the first large-scale study on cogeneration technology adoption---a prominent form of energy-saving investments---in the U.S. manufacturing sector, using a sample that runs from 1982 to 2010 and drawing on multiple data sources from the U.S. Census Bureau and the U.S. Energy Information Administration. Our baseline results using difference-in-difference and a series of event studies are robust across specifications, with nonparametric matching, and IV strategies.