Showing 1 - 10 of 30
Interfuel substitutability has been of longstanding interest to energy economists and policy makers. However, there has … control for publication bias. At the industrial level, results for the shadow elasticities of substitution between coal, oil …
Persistent link: https://www.econbiz.de/10008693287
This study uses a stochastic production frontier to model energy efficiency trends, in 85 countries over a 37 year … and a theoretical model of energy-efficient technology choice. An improvement in a country’s energy efficiency is measured … as a reduction in energy intensity, while holding constant that economy’s mix of inputs and outputs. All other things …
Persistent link: https://www.econbiz.de/10008693297
set on energy and economic growth from Sweden spanning 150 years to determine whether increases in energy use and energy … with larger samples are more likely to show that energy causes output growth but it is also possible that the relationship … between energy and growth has changed over time. Energy prices have a significant causal impact on both energy use and output …
Persistent link: https://www.econbiz.de/10009369425
Physics shows that energy is necessary for economic production and, therefore, economic growth but the mainstream … cointegrate and energy use Granger causes GDP when capital and other production inputs are included in the vector autoregression … theory of economic growth, except for specialized resource economics models, pays no attention to the role of energy. This …
Persistent link: https://www.econbiz.de/10008756133
Though there is a very large literature examining whether energy use Granger causes economic output or vice versa, it … to test whether increases in energy use and energy quality have driven economic growth or vice versa. We show that these … the introduction of structural breaks. The relationship between energy and growth may also have changed over time – energy …
Persistent link: https://www.econbiz.de/10010868695
Though there is a very large literature examining whether energy use Granger causes economic output or vice versa this … causality and cointegration techniques to a Swedish time series data set on energy and economic growth spanning 150 years to … test whether increases in energy use and energy quality have driven economic growth. We show that these techniques are very …
Persistent link: https://www.econbiz.de/10011186004
I use a stochastic production frontier to model energy efficiency trends in 85 countries over a 37-year period … output, given its mix of outputs and inputs, defines the global production frontier. A country's relative energy efficiency …. Differences in energy efficiency across countries are modeled as a stochastic function of explanatory variables and I estimate the …
Persistent link: https://www.econbiz.de/10011039641
This study uses a stochastic production frontier to model trends in energy efficiency over time in a panel of 85 … a literature survey and theoretical model of the choice of energy efficiency technology. An improvement in a country …’s energy efficiency is measured as a reduction in energy intensity while holding constant the input and output structure of …
Persistent link: https://www.econbiz.de/10008564742
Interfuel substitutability has been of longstanding interest to the energy economics and policy community. However, no … size in the meta-regression. Results for the shadow elasticities of substitution between coal, oil, gas, and electricity …
Persistent link: https://www.econbiz.de/10004983375
This paper develops economic definitions of energy quality for individual fuels and energy aggregates. There are both … use- and exchange-value concepts as well as marginal and total measures of energy quality. A factor augmentation or … substitutability only the quality coefficients approach is defined. I also find that the ratio of an energy volume index to aggregate …
Persistent link: https://www.econbiz.de/10005034364