Energy demand in the primary-metals industry: an econometric analysis

Technical Report · Sat May 01 04:00:00 EDT 1982

OSTI ID:6916911

McClernan, L A; Chern, W S

A generalized fuel-choice model for four fuels is formulated and is used to estimate the coefficients and three types of price elasticities for the primary metals industry. The generalized fuel-choice model differs from the multinomial logit model in that there are no a priori restrictions on the price elasticities and that third price effects are not ignored. Both the generalized fuel-choice model and a multinomial logit model are estimated for the total period (1967, 1971, 1974, 1975, 1976, 1977), the pre-embargo period (1967, 1971), and the post embargo period (1974 to 1977). Dynamic versions are also estimated with data from 1975 through 1977. The results are used to illustrate a structural change in the primary metals industry's demand for energy, forecast energy demand and fuel market shares to the year 2000, and evaluate several possible energy policies.

• Research Organization: Lawrence Livermore National Lab., CA (USA)
• DOE Contract Number: W-7405-ENG-48
• OSTI ID: 6916911
• Report Number(s): UCRL-53283; ON: DE83000025
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
290200* -- Energy Planning & Policy-- Economics & Sociology
DEMAND
ECONOMIC ANALYSIS
ECONOMIC ELASTICITY
ECONOMICS
ELECTRIC POWER
ENERGY DEMAND
ENERGY POLICY
ENERGY SOURCES
FLUIDS
FOSSIL FUELS
FUEL GAS
FUEL OILS
FUELS
GAS FUELS
GASES
GOVERNMENT POLICIES
INDUSTRY
LIQUID FUELS
MATHEMATICAL MODELS
METAL INDUSTRY
NATURAL GAS
OILS
ORGANIC COMPOUNDS
OTHER ORGANIC COMPOUNDS
PETROLEUM PRODUCTS
POWER