Research on energy-saving effect of technological progress based on Cobb-Douglas production function
Energy issues receive more and more attention these days. And it is considered that technological progress is an essential approach to save energy. This essay is to analyze the relation between energy intensity and technological progress by Cobb-Douglas production function in which energy, labor, capital and technological progress are taken as independent variables. It proves that the growth of output per capital and output per labor will increase energy intensity while technological progress will decrease energy intensity. Empirical research on Chinese industry is used here to indicate technological progress greatly decreases energy intensity. Because of the interferences of Asian financial crisis, there is something abnormal in the data. So in the empirical research, average weaken buffer operator (ABWO) is applied to weaken the interference of Asian financial crisis to the fixed assets, energy and value added. The results of the empirical research show that technological progress decreases energy intensity of Chinese industry an average of 6.3% every year in China.
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Boucekkine, Raouf & Pommeret, Aude, 2004.
"Energy saving technical progress and optimal capital stock: the role of embodiment,"
Elsevier, vol. 21(3), pages 429-444, May.
- BOUCEKKINE, Raouf & POMMERET, Aude, "undated". "Energy saving technical progress and optimal capital stock: the role of embodiment," CORE Discussion Papers RP 1703, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Ma, Hengyun & Oxley, Les & Gibson, John & Kim, Bonggeun, 2008. "China's energy economy: Technical change, factor demand and interfactor/interfuel substitution," Energy Economics, Elsevier, vol. 30(5), pages 2167-2183, September.
- John Gibson & Bongguen Kim & Hengyun Ma & Les Oxley, 2008. "China’s Energy Economy: Technical Change, Factor Demand and Interfactor/Interfuel Substitution," Working Papers in Economics 08/01, University of Canterbury, Department of Economics and Finance.
- Hengyun Ma & Les Oxley & John Gibson & Bongguen Kim, 2009. "China's Energy Economy: Technical Change, Factor Demand and Interfactor/Interfuel Substitution," Working Papers 09_02, Motu Economic and Public Policy Research.
- Berglund, Christer & Soderholm, Patrik, 2006. "Modeling technical change in energy system analysis: analyzing the introduction of learning-by-doing in bottom-up energy models," Energy Policy, Elsevier, vol. 34(12), pages 1344-1356, August.
- van Zon, Adriaan & Yetkiner, I. Hakan, 2003. "An endogenous growth model with embodied energy-saving technical change," Resource and Energy Economics, Elsevier, vol. 25(1), pages 81-103, February.
- Neij, Lena & Astrand, Kerstin, 2006. "Outcome indicators for the evaluation of energy policy instruments and technical change," Energy Policy, Elsevier, vol. 34(17), pages 2662-2676, November.
- PEREZ-BARAHONA, Agustin & ZOU, Benteng, "undated". "Energy-saving technological progress in a vintage capital model," CORE Discussion Papers RP 1875, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Agustin, PEREZ-BARAHONA & Benteng, ZOU, 2003. "Energy Saving Technological Progress in a Vintage Capital Model," Discussion Papers (IRES - Institut de Recherches Economiques et Sociales) 2003026, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
When requesting a correction, please mention this item's handle: RePEc:eee:enepol:v:37:y:2009:i:8:p:2842-2846. See general information about how to correct material in RePEc.
If references are entirely missing, you can add them using this form.