Treatment of intermediate materials in the estimation of the demand for energy: the case of US manufacturing, 1947-1971

Journal Article · Wed Oct 01 04:00:00 EDT 1980 · Energy J.; (United States)

OSTI ID:7042000

Anderson, R G

An alternative model for estimating industry factor demand in the effort to reduce energy consumption by manufacturers recognizes that rising costs of materials can no longer be treated as exogenous. The cost and demand functions for the industry are conditional upon the level of industry deliveries to the balance of the economy. This net model displays substantially smaller factor price elasticities than the gross formulations commonly employed. The conditional own-price elasticity for energy is estimated to be about one-third of the value found in earlier studies. A shortcoming of this model is the need to separate materials into internal and external (primary) categories and to rely upon national input-output tables. 33 references, 4 tables.

• Research Organization: Ohio State Univ., Columbus
• OSTI ID: 7042000
• Journal Information: Energy J.; (United States), Journal Name: Energy J.; (United States) Vol. 1:4; ISSN ENJOD
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
290400* -- Energy Planning & Policy-- Energy Resources
291000 -- Energy Planning & Policy-- Conservation
292000 -- Energy Planning & Policy-- Supply
Demand & Forecasting
32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATION
320300 -- Energy Conservation
Consumption
& Utilization-- Industrial & Agricultural Processes
DEMAND
ECONOMETRICS
ECONOMIC ANALYSIS
ECONOMIC ELASTICITY
ECONOMICS
ENERGY DEMAND
INPUT-OUTPUT ANALYSIS
MANUFACTURING
MATERIAL SUBSTITUTION
MATERIALS