Showing papers in "Energy Economics in 1994"

TL;DR: In this article, several methodological and application issues related to the technique of the decomposition of industrial energy consumption are discussed, and five specific methods are considered, their differences are highlighted, and it is explained how to interpret the results obtained from a specific method.

TL;DR: It is shown that decomposition can be done in an infinite number of ways and some previously proposed decomposition methods using the energy intensity approach are special cases of the two general parametric Divisia methods.

TL;DR: In this paper, a cointegration test for a stable long-run relationship between the variables in the model proves to be positive, showing a smaller value of the long run price elasticity than often quoted in empirical studies of gasoline demand.

TL;DR: In this article, the authors present empirical evidence on market efficiency and unbiasedness in the crude oil futures market and some related issues on the basis of monthly observations on spot and futures prices of the West Texas Intermediate (WTI) crude oil.

TL;DR: In this paper, the authors present evidence concerning the number of common stochastic trends in a system of three petroleum futures prices (crude oil, heating oil and unleaded gasoline) using daily data from 3 December 1984 to 30 April 1993.

TL;DR: In this paper, the authors clarified a misconception in Sato's multi-level CES production function, and used the function in testing for capital-energy substitution in Taiwanese manufacturing, and the empirical results show that capital and energy are substitutes.

TL;DR: It is shown that this relationship has an important dynamic component and that ignoring this appears to bias the estimated effects of temperature on load, and that forms of autoregressive specification may give a good explanation of present load even if there are no dynamics in the casual relation.

TL;DR: In this paper, an empirical test of the axioms that describe the relationship between the marginal product and price of factor inputs in US energy markets is presented. But, the time required to achieve these reductions may be longer than thought previously because of the slow rate at which the relative marginal product adjusts to relative price.

TL;DR: In this paper, the authors show that long-run income effects are not significant and that including a time trend improves the model's fit while rendering much more credible long run price elasticities.

TL;DR: In this article, the authors used a computable general equilibrium model to evaluate the impact of the second oil price shock and consequent energy tax policies on the Kenyan economy and showed that dramatic change in energy prices and subsequent changes in domestic energy consumption generate sequential feedbacks in the production process and affect economic structures.

TL;DR: In this article, the authors applied an input-output structural decomposition model in order to analyse the sources of change in the 1976 to 1986 electricity demands of the industrial sectors in Taiwan and identified various types of demand shifts, technical substitutions and technological changes.

TL;DR: In this paper, the relationship between price cap regulation and the reliability of supply of a private monopoly is examined, and it is shown that there is a tendency for the firm to protect profits by lowering reliability when cost increases must be absorbed, whereas if reliability is included then this tendency is eliminated.

TL;DR: In this paper, the economic prospects of demand-side conservation programs were analyzed and it was shown that strategic interactions between consumers and a public utility render unprofitable demand side conservation programs that appear profitable by conventional criteria, and rational consumers will respond strategically to the prevalence of utility sponsored conservation programs by minimizing their own expenses for energy efficiency.

TL;DR: In this paper, the existence of statistically identifiable groups of consumers within the population with differentiable gasoline expenditure levels is demonstrated through examination of urban consumers in the southern region of the USA and US rural consumers as a proxy for southern regional rural consumers.

TL;DR: In this article, the authors found that the total factor productivity in the GFCV continued to increase throughout the study period except for a brief period between 1983-84 and 1984-85 which was mainly the result of the decline in the industrial demand for gas and a decelerated growth rate in residendial demand.

TL;DR: In this article, the authors investigated the strategic position of Norwegian hydropower and studied optimal decisions with respect to the installation of new export transmission lines, and constructed an integrated long-run equilibrium model for the northern European electricity market determining production, consumption and trade.

TL;DR: The possibility of forecasting the quarterly US generation of electricity from nuclear power using a Bayesian autoregression model is explored, which compares favorably with both the Department of Energy's current forecasting methodology and their more recent efforts using ARIMA models.

TL;DR: In this paper, a brief overview of macroeconomic developments for Indonesia is conducted for the period 1970-1991, focusing upon the contribution of oil revenues to GDP, the current account and government revenue.

TL;DR: In this article, a quasi-experimental method was used to calculate gasoline taxation elasticities for the USA over 1952-1986 and the median elasticity over this period was found to be −0.075 (−0.122).

TL;DR: In this article, the authors analyse variations in capital operating hours and compare operating hours between industries and countries and briefly analyse their effect on total productivity, showing that operating hours are an important factor in understanding productivity but has attracted little attention (compared to working hours for labour).

TL;DR: In this paper, the assumption of optimizing behavior by natural resource firms in the framework of an intertemporal model of non-renewable resource development and production using data from the petroleum industry is tested.

TL;DR: In this article, the regression coefficient bounds diagnostic is used to indicate a range over which the true price responsiveness of farmers to changes in energy prices lies, and the bias correction factor is computed to evaluate the magnitude of the underestimation of the responsiveness of the quantity of electricity demanded for irrigation and electricity for other uses to a change in the number of acres irrigated and the numberof acres planted.

TL;DR: In this article, the determinants of electricity consumption in manufactured housing, commonly called mobile homes, were analyzed. But the results for thermostat settings, site orientation and conservation investments are particularly interesting.

TL;DR: In this paper, an n-sector input-output model of sector output capacity growth is solved through backward recursion from known capacities of terminal year T. This model is a first difference version of the latter.

TL;DR: In this paper, the authors argue that incentive contracts incorporating risk sharing parameters, whose values are set to account for perceptions of risk magnitude and the degree of willingness to take risk, are a promising approach to the problem.

TL;DR: In this article, the authors provide a framework within which these approaches are compatible, and which provides a significant role for investment "needs" as a key variable in determining price changes.

TL;DR: In this article, the authors examined the implications of the weakening of OPEC's responsiveness in adjusting its production levels, and explicitly incorporated rigidity in the quantity adjustment mechanism, thereby extending previous research which assumed smooth quantity adjustments.