In the last century, the world has seen an acceleration of technological development in almost all the fields related to human life, leading to rapid improvement of living standards in most countries. Electricity industry is a basic economic branch, and is also a branch with high importance to...

This study analyzes industrial interfuel substitution in an international context using a large unbalanced panel dataset of 63 countries. We find that compared to other countries fossil fuel producing economies have higher short-term interfuel substitution elasticities. This difference increases...