Industrial energy substitution: econometric analysis of US data, 1958 to 1974. Final report
Technical Report
·
OSTI ID:6946660
In this project industrial activity is modeled at a disaggregate level. Econometric models are developed for several sectors: agriculture, 4 resource extraction sectors, construction, 21 manufacturing sectors, 4 service sectors, and 2 public utilities. Also, tests are conducted to determine the sensitivity of results to the theoretical, empirical, and data research decisions made in the course of the study. Project results highlight the heterogeneous nature of production sectors with respect to energy substitution. There is no strong evidence to suggest that the economy as a whole is dominated by either capital-energy complementarity or substitution. Results indicate that agriculture is characterized by energy-capital complementarity; 3 resource extraction sectors display complementarity and 1 displays substitution; construction displays substitution; 10 manufacturing sectors are characterized by complementarity, 9 by substitution, and 2 by ambiguity; and services and utilities are dominated by substitution. A similarly heterogeneous pattern of association is also found among energy and labor and intermediate inputs.
- Research Organization:
- Resources for the Future, Inc., Washington, DC (USA)
- OSTI ID:
- 6946660
- Report Number(s):
- EPRI-EA-3462; ON: TI84920319
- Country of Publication:
- United States
- Language:
- English
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