HOW DO FIRMS REACT TO ELECTRICAL INFRASTRUCTURE RESTRICTIONS?: THE BRAZILIAN 2001/2 RATIONING CASE / COMO FIRMAS REAGEM ÀS RESTRIÇÕES DE ENERGIA ELÉTRICA?: O CASO DO RACIONAMENTO DE 2001/2002
AUTOR(ES)
LUCAS FERREIRA MATION
DATA DE PUBLICAÇÃO
2010
RESUMO
Despite being considered an important component of economic growth, little is known about the impacts of infrastructure on the behaviour of industrial firms. In this article we investigate how firms reacted to the restrictions imposed by the Brazilian energy rationing of 2001/2. We exploit the unpredictability of the occurrence and geographical location of the rationing as a natural experiment that allows comparing firms in rationed and non-rationed regions. The results show that the rationing resulted in an average annual variation of -6,8% in value added and a substitution of electrical energy by other sources. Results were of greater magnitude for energy intensive and exporting firms.
ASSUNTO(S)
energy saving energia eletrica infra-estrutura nfrastructure electric energy economia de energia
ACESSO AO ARTIGO
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