Firms Operating under Electricity Constraints in Developing Countries
研究了发展中国家电力供应不足时企业的应对行为，发现电力密集行业在高停电国家中小企业占比显著更低，对理解基础设施约束下的企业投资有参考价值。
Many developing countries are unable to provide their industrial sectors with reliable electric power, with the result that many enterprises must contend with an insufficient and unreliable supply of electricity. Because of these constraints, enterprises often opt for self-generation of electricity even though it is widely considered a second-best solution. This paper develops a theoretical model of investment behavior in remedial infrastructure in the presence of physical constraints. It then illustrates the model's predictions using a large cross-country sample of enterprises from the World Bank Enterprise Survey database. Electricity-intensive sectors in high-outage countries are characterized by a significantly lower share of small firms.