Industrial demand for energy in the Pacific Northwest: a dynamic capital adjustment approach

Thesis/Dissertation · Tue Jan 01 00:00:00 EST 1985

OSTI ID:5505780

Packey, D J

The purpose of this study was the examination of the industrial demand for energy in the Pacific Northwest. The data set used was pooled cross-section and time series. The states included in this study were Idaho, Montana, Oregon and Washington. The time period was 1967 through 1980 inclusive. A third generation capital adjustment approach was used on a multi-equation model. This approach used Hamiltonian analysis to develop an optimal dynamic capital adjustment path. The input equations were energy, labor, nonenergy intermediate materials and investment. These equations were solved simultaneously. The econometric technique employed was the full information maximum likelihood procedure. The Chow test was used to determine the stability of the estimated parameter coefficients. The own, cross-price and output elasticities were calculated and compared to other studies. These elasticities were computed for the short and long-run. Linear disembodied technological change was examined. This was done to determine whether technological change was input-using or input-saving.

• Research Organization: Oregon Univ., Eugene (USA)
• OSTI ID: 5505780
• Resource Relation: Other Information: Thesis (Ph. D.)
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING
POLICY AND ECONOMY
32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATION
FEDERAL REGION X
INDUSTRY
ENERGY DEMAND
CAPITAL
ECONOMIC ANALYSIS
ECONOMIC ELASTICITY
MATHEMATICAL MODELS
TIME-SERIES ANALYSIS
DEMAND
ECONOMICS
MATHEMATICS
NORTH AMERICA
USA
292000* - Energy Planning & Policy- Supply
Demand & Forecasting
290200 - Energy Planning & Policy- Economics & Sociology
320300 - Energy Conservation
Consumption
& Utilization- Industrial & Agricultural Processes