Using Electricity Data to Measure Capital Utilization

Posted: 16 Jan 2008

See all articles by Dominique Anxo

Dominique Anxo

Department of Economics and Statistics, Linnaeus University

Thomas Sterner

Göteborg University - Department of Economics

Abstract

In this paper we analyse variations in capital operating hours. This is an important factor in understanding productivity but has attracted little attention (compared, for instance, to working hours for labour), presumably because of deficient data and the inherent difficulty of measurement. Earlier studies have usually estimated operating hours based on working hours and the incidence of shift work. In this paper we contrast this approach with direct measures and a new method based on the demand for electric power (the use of electricity per hour). We also compare operating hours between industries and countries and briefly analyse their effect on total productivity.

Keywords: Electric power, Capital utilization, Total factor productivity

Suggested Citation

Anxo, Dominique and Sterner, Thomas, Using Electricity Data to Measure Capital Utilization. Energy Economics, Vol. 16, No. 1, 1994, Available at SSRN: https://ssrn.com/abstract=1083374

Dominique Anxo (Contact Author)

Department of Economics and Statistics, Linnaeus University ( email )

SE-351 95
Sweden
+46 708 83 41 54 (Phone)

HOME PAGE: http://lnu.se/forskargrupper/cafo/personal

Thomas Sterner

Göteborg University - Department of Economics ( email )

Göteborg
Sweden

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