The distribution of energy-intensive sectors in the USA

被引:30
|
作者
Michielsen, Thomas O. [1 ,2 ]
机构
[1] Tilburg Univ, Dept Econ, CentER, NL-5000 LE Tilburg, Netherlands
[2] Tilburg Univ, Tilburg Sustainabil Ctr, NL-5000 LE Tilburg, Netherlands
关键词
Industry location; factor endowments; energy; US manufacturing; ABUNDANCE; INDUSTRY; DEREGULATION; EXPLAINS; TRADE;
D O I
10.1093/jeg/lbs045
中图分类号
F [经济];
学科分类号
02 ;
摘要
I study the influence of energy endowments on the location of energy-intensive industries. I combine data on 86 four-digit manufacturing sectors in 50 US states from 2001 until 2009 with detailed information on state endowments of coal, natural gas, oil and hydropower. Even though energy is a tradable commodity, the effect of energy endowments on industry location is statistically and economically significant. A one standard deviation increase in coal or natural gas endowments per capita increases value added in industries that are more energy intensive than average by more than 20%. Coal abundance primarily affects industry location through lower electricity prices; natural gas, hydro and oil endowments also have a direct effect when I control for energy prices.
引用
收藏
页码:871 / 888
页数:18
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