日時：7月28日（金）17:15-18:45
報告者：田中 孝直  （UC Berkeley）
場所：2号館11階経済学部会議室B & ZOOM (HyFlex)
幹事：長谷部 拓也
言語：英語
タイトル： Firm Responses to Electricity Shortages: The Case of the Fukushima Nuclear Accidents
要旨：The nuclear phase-out following the Fukushima Nuclear accident caused a countrywide electricity supply shock, necessitating the manufacturing plants to significantly reduce electricity usage. Utilizing heterogeneous exposure to the regional shortage, we find that these shortages significantly curtailed manufacturing plants’ inputs, and revenue within three years, accounting for 0.5-0.7% of GDP loss. Manufacturing plants substitute electricity with other energy sources and invest in capital that can enhance energy productivity, potentially alleviating the damages. We will extend our analysis by estimating the production function and quantifying the welfare implications of plant adjustments and various policy scenarios.

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