کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
5066131 | 1476730 | 2006 | 14 صفحه PDF | دانلود رایگان |
Pooled data across several developing countries and the U. S. were used to estimate long-run substitution and price elasticities in a translog framework for the paper, iron and steel, and aggregate manufacturing industries. While the quality of the estimates varies across the several industry-specific models, the results suggest higher values for these elasticities than appear commonly used in integrated assessment models. Estimates of own-price elasticities of energy range from â 0.80 to â 1.76 and are comparable to estimates from previous econometric studies in the context of developed countries (â 0.77 to â 0.87). Substitution elasticities show wider variation across countries and industries. For energy and capital they range from â 1.96 to 9.80, for labor and energy from 2.61 to 7.11, and for energy and material from â 0.26 to 2.07.
Journal: Energy Economics - Volume 28, Issues 5â6, November 2006, Pages 706-719