Publication:
The Effects of Energy Prices on Firm Competitiveness: Evidence from Chile

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dc.contributor.authorAmann, Juergen
dc.contributor.authorGrover, Arti
dc.date.accessioned2023-05-15T16:40:02Z
dc.date.available2023-05-15T16:40:02Z
dc.date.issued2023-05-15
dc.description.abstractThis paper analyzes the impact of changes in energy prices on the competitiveness of manufacturing firms in Chile. Using the Chilean Annual National Industrial Survey data, the paper illustrates that, first, increases in energy prices generally do not hurt firm competitiveness. Second, the impact of energy prices depends on the fuel type—while electricity price increases are negatively correlated with firm outcomes, fossil fuel price increases have a positive association with investment and firm productivity, a result that is consistent with the strong version of the Porter hypothesis. Third, these effects are heterogeneous and vary by firm attributes such as size, ownership and location. Fourth, investigating non-linear patterns in firm outcomes based on the level of energy prices, the findings show that the positive correlation between fossil fuel price increases and capital upgrading is particularly pronounced when energy prices are at relatively low levels.en
dc.identifierhttp://documents.worldbank.org/curated/en/099507105082329730/IDU0a035eb5007d3a045d709c4f08d4a72bf5aee
dc.identifier.doi10.1596/1813-9450-10436
dc.identifier.urihttps://openknowledge.worldbank.org/handle/10986/39808
dc.languageEnglish
dc.language.isoen
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Papers; 10436
dc.rightsCC BY 3.0 IGO
dc.rightshttps://creativecommons.org/licenses/by/3.0/igo/
dc.rights.holderWorld Bank
dc.subjectENERGY PRICES
dc.subjectFOSSIL FUEL
dc.subjectFIRM PRODUCTIVITY
dc.subjectFIRM LEVEL TECHNOLOGY ADOPTION
dc.subjectCOMPETITIVENESS
dc.subjectCHILEAN ANNUAL NATIONAL INDUSTRIAL SURVEY DATA
dc.titleThe Effects of Energy Prices on Firm Competitivenessen
dc.title.subtitleEvidence from Chileen
dc.typeWorking Paper
dspace.entity.typePublication
okr.crossref.titleThe Effects of Energy Prices on Firm Competitiveness: Evidence from Chile
okr.date.disclosure2023-05-08
okr.date.lastmodified2023-05-08T00:00:00Zen
okr.doctypePolicy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/099507105082329730/IDU0a035eb5007d3a045d709c4f08d4a72bf5aee
okr.guid099507105082329730
okr.identifier.docmidIDU-a035eb50-7d3a-45d7-9c4f-8d4a72bf5aee
okr.identifier.doi10.1596/1813-9450-10436
okr.identifier.doihttp://dx.doi.org/10.1596/1813-9450-10436
okr.identifier.externaldocumentum34058645
okr.identifier.internaldocumentum34058645
okr.identifier.reportWPS10436
okr.import.id671
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099507105082329730/pdf/IDU0a035eb5007d3a045d709c4f08d4a72bf5aee.pdfen
okr.region.administrativeLatin America & Caribbean
okr.region.countryChile
okr.sectorOther Industry, Trade and Services
okr.topicEnergy::Energy and Economic Development
okr.topicEnergy::Fuels
okr.topicInternational Economics and Trade::Competition Policy
okr.topicPrivate Sector Development::Competitiveness and Competition Policy
okr.topicInternational Economics and Trade::Export Competitiveness
okr.unitEFI-FCI-TIC-Investment Climate (ETIIC)
okr.unitEFI-LCR-MTI-MacroFiscal (ELCMU)
relation.isAuthorOfPublicationb51303b6-af29-592e-989d-eab9ca69edc9
relation.isAuthorOfPublication.latestForDiscoveryb51303b6-af29-592e-989d-eab9ca69edc9
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