ENERGY SUBSTITUTION IN U.S. MANUFACTURING.
The article focuses on the U.S. manufacturing sector which accounts for more than one fourth of annual energy consumption in the U.S. The apparent differences in energy consumption across industries indicate that the interrelationships between the demands for each type of energy should be examined o...
| Publicado en: | Review of Economics & Statistics Vol. 59; no. 4; pp. 381 - 389 |
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| Formato: | Artículo |
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MIT Press
Nov77
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=hlh&AN=4643808&site=ehost-live header: @attributes: shortDbName: hlh uiTerm: 4643808 longDbName: Humanities International Complete uiTag: AN controlInfo: bkinfo: jinfo: jid: 00346535 RMS jtl: Review of Economics & Statistics issn: 00346535 maglogo: N pubinfo: dt: Nov77 vid: 59 iid: 4 pid: 776 pub: MIT Press artinfo: ui: 4643808 10.2307/1928702 ppf: 381 ppct: 8 formats: tig: atl: ENERGY SUBSTITUTION IN U.S. MANUFACTURING. aug: au: Halvorsen, Robert su: Energy consumption Economic demand United States manufacturing industries Power resources Estimation theory Supply & demand Industry classification Duality theory (Mathematics) Elasticity (Economics) United States sug: subj: United States Energy consumption Economic demand United States manufacturing industries Power resources Estimation theory Supply & demand Industry classification Duality theory (Mathematics) Elasticity (Economics) ab: The article focuses on the U.S. manufacturing sector which accounts for more than one fourth of annual energy consumption in the U.S. The apparent differences in energy consumption across industries indicate that the interrelationships between the demands for each type of energy should be examined on an industry-by-industry basis. Complete systems of energy demand equations are estimated for each standard industrial classification two-digit manufacturing industry. Duality theory is used to derive the systems of demand equations from flexible cost functions which impose minimal a priori restrictions on the estimated elasticities of demand. Estimation of demand functions derived from translog unit cost functions provides estimates of elasticities of demand that are subject to minimal a priori restrictions. Disaggregation of the analysis to the two-digit industry level allows for variation across industries in the characteristics of demand for each type of energy. Estimated elasticities of demand vary both across industries and across types of energy. Aggregate manufacturing demand for each type of energy appears to be highly price responsive. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: Y dt: @attributes: year: 1977 holdings: @attributes: islocal: N |
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