The Productivity Puzzle in Network Industries: Evidence from the Energy Sector
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Authors
Ajayi, V.
Dolphin, G.
Anaya, K.
Pollitt, M.
Abstract
What accounts for the recent widespread slowdown in the productivity in advanced economies has remained a puzzle. One plausible explanation has been attributable to regulation, particularly anti-competitive regulations and environmental regulations. This
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Keywords
Total factor productivity, growth accounting, regulation, energy networks, climate policy
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Faculty of Economics, University of Cambridge