A Dynamic Analysis of Interfuel Substitution in U.S. Industrial Energy Demand
Using data for 1960-92 to analyze interfuel substitution in the U.S. industrial sector, a dynamic linear logit model is shown to provide superior global properties than a comparable dynamic translog model, confirming earlier static results by T. J. Considine (1989). The linear logit model provides a direct, unbiased estimate of the rate of dynamic adjustment, indicating a median response lag of less than two years. Excluding fuels used for nonenergy purposes yields larger estimates of the price elasticities for coal and oil, and indicates generally greater potential for interfuel substitution than when using aggregate data.
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Volume (Year): 13 (1995)
Issue (Month): 4 (October)
|Contact details of provider:|| Web page: http://www.amstat.org/publications/jbes/index.cfm?fuseaction=main |
|Order Information:||Web: http://www.amstat.org/publications/index.html|
When requesting a correction, please mention this item's handle: RePEc:bes:jnlbes:v:13:y:1995:i:4:p:459-65. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Christopher F. Baum)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.