UNIVERSITY PARK, Pa., July 17 -- Pennsylvania State University issued the following news release:
UNIVERSITY PARK, Pa. - Rising energy prices in the U.S. reduce the economic output of states, but they also set in motion investments in more efficient equipment and technologies that partially offset those output losses over time, according to a new study by researchers at Penn State.
"At a time when rising energy prices are a top concern for policymakers, businesses and households, our study highlights the dual nature of energy price shocks," said Minsu Kim, a postdoctoral researcher at the Northeast Regional Center for Rural Development (NERCRD) in Penn State's College of Agricultural Sciences, who led the study. "While such shocks impose ...