. Author manuscript; available in PMC: 2019 Apr 22.

Published in final edited form as: Empir Econ. 2018;54(1):259–285. doi: 10.1007/s00181-016-1205-2

Table 2.

∆CE and Decomposition of ∆L for Two-Year Pairs (Geometric Means for 80 coal-fired plants) (BOLD = maximum value and ITALICS = minimum value)

Two-year pairs	∆CE	∆L	TE_r	TC_r	IC_r	OC_r
1996–97	0.9991	0.9715	1.0032	0.9921	0.9494	1.0280
1997–98	*0.9970*	1.0009	1.0000	0.9967	0.9776	1.0273
1998–99	0.9994	*0.9497*	*0.9961*	1.0069	0.9368	1.0109
1999–00	1.0042	0.9769	0.9977	0.9992	*0.9213*	1.0636
2000–01	0.9995	1.0166	1.0081	0.9974	1.0958	*0.9226*
2001–02	1.0039	0.9793	0.9971	1.0016	0.9835	0.9970
2002–03	1.0023	0.9691	1.0165	*0.9811*	0.9282	1.0469
2003–04	1.0010	0.9884	0.9972	0.9974	1.0416	0.9541
2004–05	1.0000	1.0373	0.9973	1.0002	1.0044	1.0353

Annual (Geometric means)	1.0007	0.9874	1.0014	0.9969	0.9806	1.0086
Cumulative (Geometric means)	1.0063	0.8922	1.0127	0.9724	0.8384	1.0801

Note: Subtracting unity from values in Table 2 yield percentage changes.