Energy substitution and national energy policy

Conference · Tue May 01 04:00:00 EDT 1979 · Am. Econ. Rev.; (United States)

OSTI ID:5809573

Ozatalay, S ^[1]; Grubaugh, S; Long, II, T V

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1. Univ. of Chicago, IL

The substitution of other factors, such as capital, labor, and materials for energy is a central issue in formulating energy policies. Models have been designed to determine the elasticity of substitution between these factors and how much government intervention is needed to commercialize new substitutions. Pooled cross-national time-series data for seven countries are used to estimate a translog cost function and price elasticities of substitution and demand. The intercountry differences are found to be small for the U.S., West Germany, and Japan. This indicates that pricing policies could play a major role in promoting energy conservation as U.S. industries shift to the technologies already employed by the other countries. 5 references.

• OSTI ID: 5809573
• Conference Information: Journal Name: Am. Econ. Rev.; (United States) Journal Volume: 69:2
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
290200* -- Energy Planning & Policy-- Economics & Sociology
291000 -- Energy Planning & Policy-- Conservation
293000 -- Energy Planning & Policy-- Policy
Legislation
& Regulation
32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATION
320000 -- Energy Conservation
Consumption
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CAPITAL
COMPUTER CALCULATIONS
DECISION MAKING
ECONOMIC ANALYSIS
ECONOMIC ELASTICITY
ECONOMICS
ENERGY POLICY
ENERGY SUBSTITUTION
GOVERNMENT POLICIES
LABOR
MATHEMATICS
TIME-SERIES ANALYSIS