Energy-saving Technology Choices by Dutch Glasshouse Firms
This paper estimates a sequence of energy-saving technology choices by Dutch glasshouse firms. The model allows for time-constant, firm-specific effects and serial correlation of errors and it is estimated on panel data over the period 1991-1995. The unobserved error sequences are simulated in the model in such a way that they are consistent with the observed choices. The results suggest that positive revenue shocks encourage adoption of new technologies. The choices also exhibit firm-specific persistency over time. An increase of the price of energy encourages the adoption of a highly efficient energy-saving technology. The probability of investing in energy-saving technologies also decreases with capital invested in structures (e.g. double glazing of glasshouses) and increases with capital in energy installations. Copyright 2006 Blackwell Publishing Ltd.
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Volume (Year): 57 (2006)
Issue (Month): 1 (03)
Pages: 129-144
| Handle: | RePEc:bla:jageco:v:57:y:2006:i:1:p:129-144 |
| Contact details of provider: | Web page: http://www.blackwellpublishing.com/journal.asp?ref=0021-857X
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| Order Information: | Web: http://www.blackwellpublishing.com/subs.asp?ref=0021-857X |
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