id	author	title	date	pages	extension	mime	words	sentences	flesch	summary	cache	txt
work_bkngmruzx5fdrk5ppos5rssqpi	Sami Alpanda	Oil Crisis, Energy-Saving Technological Change and the Stock Market Crash of 1973-74	2008	28	.pdf	application/pdf	11191	1066	68	growth model to quantify the impact of the increase in energy prices on the market value of U.S. corporations. In the model, corporations adopt energy-saving technologies as a response to the of the new technology.2 With low energy prices, firms forego these costs. for energy prices, a putty-clay model would predict an increasing real energy to value added ratio our model, and study the effects of the oil crisis and energy-saving technological change in isolation Our model connects the decline in the energy requirements per unit of output observed in the U.S. aggregate data to the endogenous introduction of energy-saving technologies. data set the average 1960-72 real energy to value added ratio for each economic sector at the 2 behavior of energy prices plays with respect to market value is that it may imply a sudden change its investment level after the 50% average increase in energy prices observed in the data, then	./cache/work_bkngmruzx5fdrk5ppos5rssqpi.pdf	./txt/work_bkngmruzx5fdrk5ppos5rssqpi.txt