Industrial Sector Interfuel Substitution Following the First Major Oil Shock

Strict conditions for a two-stage translog expenditure shares model are violated. A single- stage homothetic symmetry/equality model is rejected in favour of a non-homothetic equality model. International own-price elasticities derived from the latter for oil, gas, coal and electricity are -0.26, -0.81, -0.97 and -0.02, little changed from -0.24, -0.71, -1.35 and -0.09 for the former

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Year of publication:	2014
Authors:	Hall, Viv
Publisher:	[S.l.] : SSRN
Description of contents:	Abstract [papers.ssrn.com]

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Extent:	1 Online-Ressource
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Economics Letters, Vol. 12, pp. 377-382, 1983 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments 1983 erstellt Volltext nicht verfügbar
Classification:	Q43 - Energy and the Macroeconomy ; N50 - Agriculture, Natural Resources, Environment, and Extractive Industries. General, International, or Comparative
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014199101