On Interfuel Substitution
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Interfuel Substitution
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Author : Apostolos Serletis
language : en
Publisher: World Scientific
Release Date : 2012
Interfuel Substitution written by Apostolos Serletis and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with Business & Economics categories.
Interfuel substitution is an issue that is -- and will likely remain -- an important topic of inquiry for many years, as governments around the world seek to set policies that are intended to restrain carbon emissions or steer economies toward or away from certain fuels. This book contributes to this issue by estimating short- and long-term interfuel substitution elasticities, at the aggregate and sector levels, through the use of the latest advances in microeconometrics as well as recent international data for a number of OECD and non-OECD countries.
On Interfuel Substitution
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Author : Apostolos Serletis
language : en
Publisher:
Release Date : 2016
On Interfuel Substitution written by Apostolos Serletis and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.
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 provides evidence consistent with neoclassical microeconomic theory. The results indicate that the interfuel substitution elasticities are consistently below unity, revealing the limited ability to substitute between major energy commodities (i.e., coal, oil, gas, and electricity). While the study finds some evidences of larger interfuel substitution potential in high-income economies as compared to that in the middle- and low-income economies in the industrial and transportation sectors, no such evidence is observed in the residential and electricity generation sectors or at the national level. The implication is that interfuel substitution depends on the structure of the economy, not the level of economic development. Moreover, a higher change in relative prices is needed to induce switching toward a lower carbon economy.
A Century Of Interfuel Substitution
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Author : A K M Nurul Hossain
language : en
Publisher:
Release Date : 2017
A Century Of Interfuel Substitution written by A K M Nurul Hossain and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017 with categories.
We investigate the demand for energy and the degree of substitutability among fossil fuels in the United States using the Normalized Quadratic (NQ) expenditure function and (to our knowledge) the longest span prices and quantities that have ever been studied before, from 1919 to 2012. In doing so, we merge the empirical energy demand systems literature with the recent financial econometrics literature, relaxing the homoskedasticity assumption and instead assuming that the covariance matrix of the errors of the flexible demand system is time-varying. We generate inference, in terms of a full set of elasticities, consistent with neoclassical microeconomic theory and the data generating process. Our results are in line with earlier findings in the literature based on shorter duration samples and different methodologies. They have important implications for climate policy intervention designed to reduce greenhouse gas emissions. We show that there is a small but statistically significant substitution possibility between crude oil and natural gas, but not between crude oil and coal. We also provide evidence that natural gas is a substitute for coal when the price of coal changes, but coal is not a substitute for natural gas when the price of natural gas changes.
Economy Wide Impacts Of Interfuel Substitution
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Author : Raymond G. Tessmer
language : en
Publisher:
Release Date : 1976
Economy Wide Impacts Of Interfuel Substitution written by Raymond G. Tessmer and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1976 with Electric power categories.
Interfuel Substitution And Changes In The Way Households Use Energy
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Author : Kevin Broderick Fitzgerald
language : en
Publisher:
Release Date : 1990
Interfuel Substitution And Changes In The Way Households Use Energy written by Kevin Broderick Fitzgerald and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1990 with Dwellings categories.
The Role Of Technology In Interfuel Substitution
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Author : Kurt Kratena
language : en
Publisher:
Release Date : 2003
The Role Of Technology In Interfuel Substitution written by Kurt Kratena and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Fuel switching categories.
Inter Fuel Substitution And Energy Technology Heterogeneity In U S Manufacturing
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Author : Mark E. Doms
language : en
Publisher:
Release Date : 1993
Inter Fuel Substitution And Energy Technology Heterogeneity In U S Manufacturing written by Mark E. Doms and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with Industries categories.
The Impact Of Interfuel Substitution On The High Plains Of Kansas
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Author : Bernhard R. Walther
language : en
Publisher:
Release Date : 1983
The Impact Of Interfuel Substitution On The High Plains Of Kansas written by Bernhard R. Walther and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1983 with Fuel categories.
Interfuel Substitution
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Author : David I. Stern
language : en
Publisher:
Release Date : 2012
Interfuel Substitution written by David I. Stern and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with categories.
Abstract This paper provides the first meta-analysis of the interfuel substitutability literature. The sample includes 47 studies of interfuel substitution in the industrial sector, in manufacturing industry or manufacturing sub-industries, or in the macro-economy of a variety of developed and developing countries. Meta-regressions are estimated for the six shadow elasticities of substitution between coal, oil, gas and electricity. I find that at the level of the industrial sector as a whole the oil-coal, oil-gas, oil-electricity and gas-electricity shadow elasticities of substitution are significantly greater than unity. The remaining elasticities - between coal and gas and coal and electricity - are insignificantly different from unity or zero due to their large standard errors. Substitution possibilities seem more constrained at the macro level and less constrained at lower levels of aggregation. Estimates of the elasticities of substitution from cross-section regressions are generally largest whereas fixed effects panel estimates are intermediate in magnitude, and time-series estimates are mostly much smaller. In order to obtain more precise and less biased estimates of long-run elasticities of substitution, there is a need for additional primary studies using large samples and/or the between estimator which econometric research suggests is likely to provide the best estimates of long-run elasticities.
Measuring The Possibilities Of Interfuel Substitution
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Author :
language : ru
Publisher: World Bank Publications
Release Date :
Measuring The Possibilities Of Interfuel Substitution written by and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on with categories.