Publication:
Tracking Economic Fluctuations in Bangladesh with Electricity Consumption

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dc.contributor.authorArshad, Selvia
dc.contributor.authorBeyer, Robert C.M.
dc.date.accessioned2022-04-12T21:13:39Z
dc.date.available2022-04-12T21:13:39Z
dc.date.issued2022-04
dc.description.abstractThis paper investigates whether electricity consumption is a useful indicator for tracking economic fluctuations in Bangladesh. It presents monthly data on national electricity consumption since 1993 and daily consumption data since February 2010 for the country’s eight divisions. National electricity consumption is strongly correlated with other high-frequency indicators of economic activity, and it has declined during natural disasters and the COVID-19 lockdowns. The paper estimates an electricity consumption model that explains over 90 percent of the variation in daily consumption based on the trend, seasonality, within-week variation, holidays, Ramadan, and temperature. Deviations from the model prediction can act as in indicator of economic fluctuations. For example, during the first COVID-19 lockdown in April 2020, electricity consumption in Dhaka fell over 40 percent compared with normal and remained below the normal level until early 2021. The later lockdowns, in contrast, had only small additional impacts, in line with less stringent containment measures and more effective adaptation.en
dc.identifierhttp://documents.worldbank.org/curated/en/099239404072234329/IDU02a02a0540a4e3044450946b009fbff8f4528
dc.identifier.doi10.1596/1813-9450-10002
dc.identifier.urihttps://hdl.handle.net/10986/37296
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;10002
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectELECTRICITY CONSUMPTION
dc.subjectECONOMIC FLUCTUATIONS
dc.subjectCOVID-19
dc.subjectPANDEMIC
dc.subjectCORONAVIRUS
dc.subjectNATURAL DISASTERS
dc.subjectECONOMIC INDICATORS
dc.subjectECONOMIC ACTIVITY INDICATOR
dc.titleTracking Economic Fluctuations in Bangladesh with Electricity Consumptionen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.crossref.titleTracking Economic Fluctuations in Bangladesh with Electricity Consumption
okr.date.disclosure2022-04-07
okr.date.doiregistration2025-04-10T11:14:29.361441Z
okr.date.lastmodified2022-04-07T00:00:00Zen
okr.doctypePolicy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/099239404072234329/IDU02a02a0540a4e3044450946b009fbff8f4528
okr.guid099239404072234329
okr.identifier.doi10.1596/1813-9450-10002
okr.identifier.externaldocumentum33781434
okr.identifier.internaldocumentum33781434
okr.identifier.reportWPS10002
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099239404072234329/pdf/IDU02a02a0540a4e3044450946b009fbff8f4528.pdfen
okr.region.countryBangladesh
okr.topicEnergy::Energy Consumption
okr.topicMacroeconomics and Economic Growth::Consumption
okr.topicMacroeconomics and Economic Growth::Economic Forecasting
okr.unitEFI-SAR-MTI-MacroFiscal (ESAMU)
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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