The Impact of Electricity on Economic Development: A Macroeconomic Perspective

Author(s): Stern, David I; Burke, Paul J; Bruns, Stephan B | Abstract: We find that electricity use and access are strongly correlated with economic development, as theory would suggest. Despite large empirical literatures and suggestive case evidence, there are, however, few methodologically strong studies that establish causal effects on an economy-wide basis. There is some evidence that reliability of electricity supply is important for...