The demand for energy in Greek manufacturing
نویسنده
چکیده
This paper considers an econometric approach to measuring substitutability of three types of energy, i.e. crude oil, electricity and diesel with capital and labour in the manufacturing sector of Greek industry during the period 1970]1990. A general dynamic framework is developed under the assumption that the structure of the production process is weakly separable in capital, labour and energy aggregates. The translog total cost function is used to represent the production technology. The main advantages of the proposed dynamic structure are that it is both disaggregated in energy components and consistent with the neo-classical theory of production. Q 2000 Elsevier Science B.V. All rights reserved. JEL classifications: C51; D24; Q41
منابع مشابه
Factor Analysis of Energy Demand in Iran's Manufacturing Industries with Emphasis on Energy Intensive Sectors
Examining the factors affecting changes in energy demand can help economic policymakers to adopt energy saving approaches. One method of examining these factors is factor analysis of energy demand. Given the high share of industry, especially energy-intensive industries in Iran's energy consumption, the purpose of this article is to analyse the factors affecting changes in energy consumption in...
متن کاملتحلیل پویای تقاضای نهاده انرژی در صنایع کارخانه ای ایران
Industrial energy demand analysis has always been one of the leading fields of research in economics. This issue is more critical in the case of developing countries especially those with transition experiences. In this paper, third generation of dynamic factor demand models for the Iranian manufacturing industries is estimated to analyze the speed of adjustment in factor demands. Data which is...
متن کاملبررسی رابطه نهادههای تولید و حاملهای انرژی در صنعت ایران
In this study, by using manufacturing firms' cost functions and their demand for inputs, we attempt to find the relationship between production inputs and energy carriers during (2005-ا2013). A dynamic model is implemented to derive the short and long-run elasticities of demand and substitution. The results show that during the period 2005-ا2013, energy and capital were complement for labor, a...
متن کاملSensitivity Analysis of Technology Changes for EnergyDemand by Iranian Economic Sectors: an Application of Sherman-Morrisson Method and Input-Output Approach
We undertook a sensitivity analysis of the key demand factors leading to changes of energy consumption in the competitive market, using a Leontief demand-driven approach. We applied the Leontief model to previous research results to study the most sensitive factors leading to the change of energy demand in different economic sectors. Based on the 2011 Iranian symmetrical input–output table, the...
متن کاملElectrical Energy Demand Modeling of 3D Printing Technology for Sustainable Manufacture
The advent of 3D printers has been embraced globally within few years of its emergence. The surge in the acceptability of rapid manufacturing RM technology can be attributed to the depletion and cost of natural resources, waste reduction and sustainability criterion of manufactured parts. This rapidly evolving 3D printing technologies is predicted to grow exponentially especially for the manufa...
متن کامل