O custo da energia elétrica e a produção industrial nos estados brasileiros (2003-2019)

Abstract

The cost of electrical energy is significant for industries, as its intensive use as a productive input in the use of capital, makes it essential to account for energy in costs, the supply of which is different both in terms of production costs and taxation, between Brazilian states. This condition supported the objective of analyzing the impact of the cost of electricity on the industrial production of the states, from 2003 to 2019. Methodologically, a panel data model with fixed effects was applied. The results indicated that tariffs impose costs on industrial production, with each percentage increase of 1% generating an average drop of 0.10%. Furthermore, the existence of a multiplier effect for market size was verified, where population growth of 1% multiplies industrial product by 1.02%. Finally, it was also shown that spatial agglomeration is significant, with the increase in the number of industries returning an additional production of 0.19%.