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Electricity in Economic Growth

Electricity in Economic Growth

  • Publisher: National Academies Press
  • ISBN: 9780309036771
  • eISBN Pdf: 9780309542555
  • Place of publication:  United States
  • Year of digital publication: 1986
  • Month: January
  • Pages: 186
  • Language: English

This volume surveys the complex relationships between economic activity and electricity use, showing how trends in the growth of electricity demand may be affected by changes in the economy, and examining the connection between the use of electrotechnologies and productivity. With a mix of historical perspective, technical analysis, and synthesis of econometric findings, the book brings together a summary of the work of leading national experts.

  • Electricity in Economic Growth
  • Copyright
  • Preface
  • Contents
  • Summary
    • RECOMMENDATIONS
    • CONCLUSIONS
      • Electricity Consumption
      • Productivity Growth
      • Technical Change
      • The Effects of Price Changes
      • Conservation
      • Composition of National Output
      • Regional Differences
  • 1 Introduction, Conclusions, and Recommendations
    • INTRODUCTION
      • Two Important Relationships
      • The Structure of the Task
    • CONCLUSIONS
      • Electricity Consumption
      • Productivity Growth
      • Technical Change
      • The Effects of Price Changes
      • Conservation
      • The Composition of National Output
      • Regional Differences
    • RECOMMENDATIONS
  • 2 Historical Perspective
    • HISTORICAL PATTERNS: 1902 TO 1983
      • The Growth of Electricity and Other Energy Consumption
      • Electricity Growth in Relation to the Growth of Gross National Product
    • POST-WORLD WAR II TRENDS: 1947 TO 1983
      • The Growth of Electricity Use and of Gross National Product
      • Electricity Use in the Major Consuming Sectors
        • Trends in Residential Use of Electricity
        • Trends in Commercial Use of Electricity
        • Trends in Industrial Use of Electricity
      • The Effects of Structural Change on Electricity Intensity
        • Measuring Structural Change
        • Electricity Intensity of the Sectors
        • Electricity Intensity within Manufacturing
      • Changes in Energy Prices
        • Price Movements
        • Price Elasticities
    • CONTINUITY AND CHANGE: PRE-AND POST-EMBARGO TRENDS
    • REFERENCES
  • 3 Electricity and Productivity Growth
    • THE CONCEPT OF PRODUCTIVITY
    • THE BACKGROUND
    • THE RECENT DECLINE IN ECONOMIC GROWTH
      • World Economies
      • The U.S. Economy
      • U.S. Productivity Growth
    • THE ECONOMETRIC MODEL
      • A Model of Sectoral Productivity Growth
        • The Form of the Model
        • Parameters of the Model
      • Modeling the Role of Electricity in Productivity Growth
      • Results from the Model
        • Applying the Model
        • Estimating the Biases of Productivity Growth
        • Patterns of the Biases of Productivity Growth
      • The Hypothesis Concerning Electricity and Productivity Growth
      • Subsidiary Hypotheses
      • Nonelectrical Energy and Productivity Growth
      • Summary
    • INTERPRETATION OF THE RECENT DECLINE IN GROWTH
    • REFERENCES
  • 4 Examples of Electrification and Productivity Gains
    • ELECTRICITY AND TECHNOLOGICAL PROGRESS
    • KINDS OF TECHNICAL CHANGE THAT ALTER ELECTRICITY USE
    • EXAMPLES OF ELECTRICITY-DEPENDENT TECHNICAL CHANGE
      • Arc Furnace Steelmaking
      • Metals Processing by Lasers and Electron Beams
        • Laser Processing
        • Electron Beam Processing
      • Investments in Energy Efficiency of Buildings
      • Automation
    • OTHER INDUSTRIAL TECHNOLOGIES
    • THE SIGNIFICANCE OF ELECTRIFICATION
    • REFERENCES
  • 5 Future Economic Influences on Electricity Use
    • THE RANGE OF RECENT FORECASTS
    • THE CHANGING COMPOSITION OF NATIONAL OUTPUT
      • The Industrial Sector
        • Trends in Electricity Use
        • The Growth of Electrified Processes
      • The Commercial Sector
      • The Residential Sector
    • PRICES OF ELECTRICITY AND OTHER FUELS
      • General Price Considerations
      • Regional Price Considerations
      • Effects of Price on Electricity Use
    • PRACTICES AND POTENTIALS FOR EFFICIENCY IMPROVEMENTS: CONSERVATION AND LOAD MANAGEMENT
      • Utility Experience
      • Prospects for Realizing the Potential of Conservation and Load Management
      • Economic Effects
    • THE OUTLOOK
    • REFERENCES
  • Appendix A Statement of Work
  • Appendix B Measures of Economic Growth and of Electricity Demand
  • Appendix C Econometric Model of Production and Technical Change
    • TECHNICAL APPENDIX
  • Appendix D Excerpts From an Analysis of the Expected Impact of Various Electrotechnologies on Electricity Demand
    • TERMS USED IN THE TABLES
  • Glossary

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  • Loan duration: 21 days
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