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Measuring the Energy Efficiency and Productivity Impacts of Embodied Technical Change

Ernst Berndt, Charles Kolstad and Jong-Kun Lee

Year: 1993
Volume: Volume 14
Number: Number 1
DOI: 10.5547/ISSN0195-6574-EJ-Vol14-No1-2
View Abstract

Using data from the manufacturing sectors in the United States, Canada and France, we distinguish the energy efficiency and productivity impacts of embodied and unembodied technological progress. We find that technological progress embodied in new equipment is responsible for a surprisingly small proportion of productivity growth. We conclude the paper by interpreting this finding.

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