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A dynamic econometric model of Thailand manufacturing energy demand

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Listed author(s):
  • Suthep Buranakunaporn
  • Edward Oczkowski

Abstract

The purpose of this article is to employ the dynamic translog framework to model inter-factor and inter-fuel energy demand for the Thai manufacturing sector. The Denny et al. (1981) and Lynk (1989) framework, which proposes a dynamic adjustment for capital stock is employed to motivate the estimated of factor demand and fuel share equations. Three factors: energy, labour and capital; and five fuel types: fuel oil, diesel oil, liquified petroleum gas (LPG), electricity, and coal and lignite; are examined. Regression diagnostics support the empirical specification. Numerous factor and fuel substitution possibilities are identified, with some policy implications described.

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File URL: http://www.tandfonline.com/doi/abs/10.1080/00036840600707167
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Article provided by Taylor & Francis Journals in its journal Applied Economics.

Volume (Year): 39 (2007)
Issue (Month): 17 ()
Pages: 2261-2267

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Handle: RePEc:taf:applec:v:39:y:2007:i:17:p:2261-2267
DOI: 10.1080/00036840600707167
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Cited by:

  1. David I. Stern, 2012. "Interfuel Substitution: A Meta‐Analysis," Journal of Economic Surveys, Wiley Blackwell, vol. 26(2), pages 307-331, 04.
  2. Bhattacharyya, Subhes C. & Timilsina, Govinda R., 2010. "Modelling energy demand of developing countries: Are the specific features adequately captured?," Energy Policy, Elsevier, vol. 38(4), pages 1979-1990, April.

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