Let me inform you of the following research seminar.

Date: July 28 (Fri.) , 2023
Time: 5:15PM - 6:45PM
Venue: 11th Floor, Bldg.No.2 Meeting Room B & ZOOM (HyFlex)
Speaker: Takanao Tanaka (UC Berkeley)
Organizer: Takuya Hasebe
Language: English

Title: Firm Responses to Electricity Shortages: The Case of the Fukushima Nuclear Accidents

Abstract: 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.

* Please contact the organizer via email, if you'd like to participate in the online seminar.
   If you are interested in upcoming seminars, please visit the website of SIHS Seminar Series.