Explorations in Economic History. Apr2017, Vol. 64, p53-61. 9p.
Electric rates, Electricity, and Electric power consumption
In this paper, we quantify the difference between public and private prices of residential electricity immediately before and after major federal reforms in the 1930s and 1940s. Previous research found that public prices were lower in a sample of large, urban markets. Based on new data covering over 15,000 markets and nearly all electricity generated for residential consumption, we find that the difference between public and private prices was small in 1935 and negligible in 1940 for typical levels of monthly consumption. These findings are consistent with a market for ownership that helped to discipline electricity prices during this period. That is, private rents were mitigated by the threat that municipalities would use public ownership to respond to constituent complaints and public rents were limited by electoral competition and the growth of private provision. [ABSTRACT FROM AUTHOR]
Explorations in Economic History. Jul2008, Vol. 45 Issue 3, p270-287. 18p.
Information & communication technologies, Economic development, and Electricity
Abstract: A quantitative look is taken at electricity and ICT as the engines of economic growth in Finland which was one of the leading countries in the electrification of mechanical drive in industry and which today is one of the leading information societies. It is shown that ICT’s contribution to GDP growth in 1990–2004 was three times as large as electricity’s contribution in 1920–1938. The improvement of multi-factor productivity in production accounted for 60% of ICT’s contribution but only one third of electricity’s. Electricity’s growth contribution was smaller but ICT’s larger than in the United States. [Copyright &y& Elsevier]