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This paper estimates interfuel substitution elasticities in selected developing and industrialized economies at the national and sector levels. In doing so, it employs state-of-the-art techniques in microeconometrics, particularly the locally flexible normalized quadratic functional forms, and...
Persistent link: https://www.econbiz.de/10004998442
This paper estimates interfuel substitution elasticities in selected developing and industrialized economies at the sector level. In doing so, it employs state-of-the-art techniques in microeconometrics, particularly the locally flexible normalized quadratic functional form, and provides...
Persistent link: https://www.econbiz.de/10008541378
In this paper, we use the locally fexible translog functional form to investigate the demand for energy and interfuel substitution in the United States and to provide a comparison of our results with most of the existing empirical energy demand literature. Motivated by the widespread practice of...
Persistent link: https://www.econbiz.de/10008541379
In this paper, we build on recent work by Serletis et al. (2010, in press) and report short- and long-run estimates of aggregate interfuel substitution for a number of OECD and non-OECD countries. In doing so, we use recent pooled intercountry data (since 1980), and state-of-the-art advances in...
Persistent link: https://www.econbiz.de/10008863732
Persistent link: https://www.econbiz.de/10008694095
In this paper, we use the locally flexible translog functional form to investigate the demand for energy and interfuel substitution in the United States and to provide a comparison of our results with most of the existing empirical energy demand literature. Motivated by the widespread practice...
Persistent link: https://www.econbiz.de/10008507262
Persistent link: https://www.econbiz.de/10008670287
In this paper we test for deterministic chaos in seven East European black market exchange rates, using Koedjik and Kool's (1992) monthly data from January 1955 through May 1990.
Persistent link: https://www.econbiz.de/10005641453
Persistent link: https://www.econbiz.de/10005641454
This paper considers a nonborrowed monetary base VAR and a target and instrument framework favored by the monetarists to resolve the puzzle thrownup by monetary VAR studies.
Persistent link: https://www.econbiz.de/10005641456