{"title":"The impact of higher utility costs on firm performance in the manufacturing sector: the case of an emerging economy","authors":"David Orțan","doi":"10.1007/s12053-024-10239-4","DOIUrl":null,"url":null,"abstract":"<div><p>Using a panel of Romanian firms in the manufacturing sector between 2010 and 2019, this paper assesses the impact of utility costs (electricity, gas, water and waste) increases on the economic performance of firms (in terms of employment, exports and productivity). By means of static (fixed effects) and dynamic (GMM) specifications, it finds a relatively moderate, yet negative impact in the case of all variables, under a variety of specifications. Energy costs seem to have a larger contemporaneous effect, which suggests that firms might in the longer-run switch to less energy intensive production processes. Moreover, the more energy intensive sectors are generally also the most impacted in terms of employment and productivity.</p></div>","PeriodicalId":537,"journal":{"name":"Energy Efficiency","volume":"17 6","pages":""},"PeriodicalIF":3.2000,"publicationDate":"2024-07-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Energy Efficiency","FirstCategoryId":"5","ListUrlMain":"https://link.springer.com/article/10.1007/s12053-024-10239-4","RegionNum":4,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"ENERGY & FUELS","Score":null,"Total":0}
引用次数: 0
Abstract
Using a panel of Romanian firms in the manufacturing sector between 2010 and 2019, this paper assesses the impact of utility costs (electricity, gas, water and waste) increases on the economic performance of firms (in terms of employment, exports and productivity). By means of static (fixed effects) and dynamic (GMM) specifications, it finds a relatively moderate, yet negative impact in the case of all variables, under a variety of specifications. Energy costs seem to have a larger contemporaneous effect, which suggests that firms might in the longer-run switch to less energy intensive production processes. Moreover, the more energy intensive sectors are generally also the most impacted in terms of employment and productivity.
期刊介绍：
The journal Energy Efficiency covers wide-ranging aspects of energy efficiency in the residential, tertiary, industrial and transport sectors. Coverage includes a number of different topics and disciplines including energy efficiency policies at local, regional, national and international levels; long term impact of energy efficiency; technologies to improve energy efficiency; consumer behavior and the dynamics of consumption; socio-economic impacts of energy efficiency measures; energy efficiency as a virtual utility; transportation issues; building issues; energy management systems and energy services; energy planning and risk assessment; energy efficiency in developing countries and economies in transition; non-energy benefits of energy efficiency and opportunities for policy integration; energy education and training, and emerging technologies. See Aims and Scope for more details.
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