The Impact of Electricity on Economic Development: A Macroeconomic Perspective

David Stern, Paul Burke, Stephan B Bruns

    Research output: Contribution to journalArticle

    Abstract

    We find that electricity use and access are strongly correlated with economic development, as theory would suggest. Despite large empirical literatures and suggestive case evidence, there are, however, few methodologically strong studies that establish causal effects on an economy-wide basis. There is some evidence that reliability of electricity supply is important for economic growth. We propose that future research focuses on identifying the causal effects of electricity reliability, infrastructure, and access on economic growth; testing the replicability of the literature; and deepening our theoretical understanding of how lack of availability of electricity can be a constraint to growth.
    Original languageEnglish
    Pages (from-to)85-127pp
    JournalInternational Review of Environmental and Resource Economics
    Volume12
    Issue number1
    DOIs
    Publication statusPublished - 2018

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