Journal ArticleDOI
Energy and capital: substitutes or complements? Some results for the UK industrial sector
TLDR
In this article, the substitutability or complementarity possibilities between capital, labour and energy in the UK industrial sector were investigated, with particular attention to the captial-energy relationship.Abstract:
This paper investigates the substitutability or complementarity possibilities between capital, labour and energy in the UK industrial sector, with particular attention to the captial-energy relationship. It is found, using the translog-cost-function approach, that capital and labour as well as energy and labour are substitutes. However, capital and energy are found to be complements.read more
Citations
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UKERC Review of evidence for the rebound effect: Technical report 3: Elasticity of substitution studies
TL;DR: In this article, the elasticity of substitution between energy and capital has been identified as a key determinant of the likely magnitude of the rebound effect in different sectors and discussed whether a consensus has been reached to whether energy can be considered as substitute or complements.
Journal ArticleDOI
Energy and capital: substitutes or complements? A note on the importance of testing for non-neutral technical progress
TL;DR: In this article, the authors investigated the importance of testing the validity of the Hicks-neutral technical progress assumption in the context of examining the substitutability or complementarity between capital, labour and energy in the UK industrial sector, and found that the hypothesis of neutral technical progress must be rejected in favour of the non-neutral hypothesis.
Journal ArticleDOI
Estimating the potential for electricity savings in households
TL;DR: In this paper, the authors estimate the level of technical efficiency in the use of electricity using data from a Swiss household survey and find an average inefficiency in electricity use by Swiss households of around 20 to 25%.
Journal ArticleDOI
Does climate influence energy demand? A regional analysis
Saleem Shaik,Osei-Agyeman Yeboah +1 more
TL;DR: In this article, the duality of cost minimization is used to examine the effects of climate change on US sectoral climatic regional energy demands from 1970 to 2014, and the estimated parameters are used to construct energy demand cross-price elasticities (CPE) and Allen elasticities of substitution (AES) for nine climatic regions.
References
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Journal ArticleDOI
An Efficient Method of Estimating Seemingly Unrelated Regressions and Tests for Aggregation Bias
TL;DR: In this paper, a method of estimating the parameters of a set of regression equations is reported which involves application of Aitken's generalized least-squares to the whole system of equations.
Journal ArticleDOI
Transcendental logarithmic production frontiers
TL;DR: Ebsco as mentioned in this paper focuses on additive and homogeneous production possibility frontiers that have played an important role in formulating statistical tests of the theory of production and characterizes the class of production possibility frontier that are homogeneous and additive.
Journal ArticleDOI
Technology, Prices, and the Derived Demand for Energy
Ernst R. Berndt,David O. Wood +1 more
TL;DR: In this article, an industrial demand for energy is essentially a derived demand: the firm's demand for the energy is an input, derived from demand for a firm's output, which is an output.
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