Changes in regional economic capacity due to projected energy-price changes
Journal Article
·
· Energy J.; (United States)
Regional energy price changes generated by the DOE Midterm Energy Forecasting System (MEFS) for the 1975 to 1985 period are analyzed using the Rasche-Tatom assumptions to show that manufacturing activity will weaken as a result of the changes. Higher prices for energy will lead to a substitution of capital and labor that will reduce total costs and increase unit costs. A smaller output will bring lower revenues until the firm establishes a long-run economic capacity equilibrium. 15 references, 1 figure, 7 tables. (DCK)
- Research Organization:
- Oak Ridge National Lab., TN
- DOE Contract Number:
- W-7405-ENG-26
- OSTI ID:
- 5600827
- Journal Information:
- Energy J.; (United States), Vol. 3:1
- Country of Publication:
- United States
- Language:
- English
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