This study distinguishes factor/output substitution and shift of production technology frontiers. Our model includes by-product of carbon dioxide and sulfur dioxide emissions, in which the function requires the simultaneous reductions of the emissions and expansion of good outputs. On world...

This study estimates allowance price induced technological progress using directional output distance function for a panel data of 80 plants of US fossil fuelled electricity generating industry over the period 1995 to 2001. This application yields several important insights. First, we observe...

We measure energy price induced technological progress using directional distance function for a panel data of 55 countries over the period 1974 to 2000 and find several important insights. First, we observe larger induced technological change effects in developed countries in the periods after...

Through a combination of global data analysis and focused country level analysis, this timely book provides answers to the most pertinent country and industry specific questions defining the current relationship between technology, natural resources and economic growth