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The Demand for Energy by U.K. Manufacturing Industry

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  • Lynk, Edward L
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    Abstract

    Using an intertemporal maximizing model incorporating the costs of adjustment of the capital stock, demand elasticities for aggregate energy input and for individual fuel inputs are derived for the U.K. manufacturing industry for the postwar period. The results confirm the price sensitivity of energy subtypes and aggregate energy. In the long run, the demand for gas and petroleum appear to be significantly price elastic. The results also suggest that the full effects of the 1978-79 energy price shock have yet to be felt. Copyright 1989 by Blackwell Publishers Ltd and The Victoria University of Manchester

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    Bibliographic Info

    Article provided by University of Manchester in its journal The Manchester School of Economic & Social Studies.

    Volume (Year): 57 (1989)
    Issue (Month): 1 (March)
    Pages: 1-16

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    Handle: RePEc:bla:manch2:v:57:y:1989:i:1:p:1-16

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    Web page: http://www.socialsciences.manchester.ac.uk/disciplines/economics/
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    Cited by:
    1. Hunt, L.C. & Judge, G. & Ninomiya, Y., 2000. "Underlying Trends and Seasonality in UK Energy Demands: A Sectorial Analysis," Papers 134, Portsmouth University - Department of Economics.
    2. Roula Inglesi-Lotz, 2012. "The sensitivity of the South African industrial sector’s electricity consumption to electricity price fluctuations," Working Papers 201225, University of Pretoria, Department of Economics.

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