In this paper, we use results from the Hotelling model of non-renewable resources to examine the mainstream view among economists that improvements in recovery technology can offset declines in petroleum reserves. We present empirical evidence from two well-documented mega-oilfields: the Forties...

We will discuss electricity demand in manufacturing industries in upstate New York. Empirical results are presented based on data obtained at the electric utility service area level for the years 1969–1981. The equations are based on a partial adjustment model including relevant input prices...

Input-output tables for the U.S.A. and Japan are used to estimate changes in energy efficiency during the period 1960–1980. We used a method of Pasinetti which takes into account changes in the energy efficiency with which additions to capital stock are produced. Although we find substantial...

Recent research verifying the phenomenon of long-range transport of airborne residuals suggests a variety of potential damages to a recipient region from point sources far removed. One type of loss to such a recipient region not previously investigated is the potential forgone economic growth...

The dramatic increase in energy efficiency in the U.S. economy since the early 1970s has been the subject of much study and controversy. Among the factors responsible for improved energy efficiency are better housekeeping measures, technological innovations and a changing product mix. These...

The U.S. input-output tables for 1972 and 1977 are used to examine the early adjustment of the service sector to the energy price shock of 1973–1974. IO analysis allows us to look at the indirect as well as direct changes in energy use intensity. We find a substantial decline in both primary...