Too Much Energy : The Perverse Effect of Low Fuel Prices on Firms (English)

This paper provides novel evidence on the impact of changes in energy prices on manufacturing performance in two large developing economies -- Indonesia and Mexico. It finds that unlike increases in electricity prices, which harm plants' performance, fuel price hikes result in higher productivity and profits of manufacturing plants. The results of instrumental variable estimation imply that a 10 percent increase in fuel prices would lead to a 3.3...

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Author

Cali,Massimiliano;

Cantore,Nicola;

Iacovone,Leonardo;

Pereira Lopez,Mariana De La Paz;

Presidente,Giorgio;
Document Date
2019/10/10
Document Type
Policy Research Working Paper
Report Number
WPS9039
Volume No
1
Total Volume(s)
1
Country
Mexico, Indonesia,
Region
East Asia and Pacific, Latin America and Caribbean,
Disclosure Date
2019/10/10
Disclosure Status
Disclosed
Doc Name
Too Much Energy : The Perverse Effect of Low Fuel Prices on Firms
Keywords
trade and investment

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Citation

Cali,Massimiliano; Cantore,Nicola; Iacovone,Leonardo; Pereira Lopez,Mariana De La Paz; Presidente,Giorgio.

Too Much Energy : The Perverse Effect of Low Fuel Prices on Firms (English). Policy Research working paper|no. WPS 9039 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/670351570710975641

Too Much Energy : The Perverse Effect of Low Fuel Prices on Firms (English)

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