Show simple item record

dc.contributor.authorSteinbuks, Jevgenijs
dc.date.accessioned2014-11-21T15:55:12Z
dc.date.available2014-11-21T15:55:12Z
dc.date.issued2010-05
dc.identifier.otherCWPE1032
dc.identifier.otherEPRG 1015
dc.identifier.urihttps://www.repository.cam.ac.uk/handle/1810/246442
dc.description.abstractThis paper investigates interfuel substitution in the UK manufacturing sector. Econometric models of interfuel substitution are applied to energy inputs aggregated by their energy use, and separately for thermal heating processes, where interfuel substitution is technologically feasible. Compared to aggregate data, estimated own-price fuel demand elasticities for all fuels and cross-price elasticities for fossil fuels are considerably higher for thermal heating processes. Nonetheless,electricity is found to be a poor substitute for other fuels based on both aggregate data and separately for the heating process. This study also finds that an increase in real fuel prices resulted in higher substitution elasticities based on aggregate data, and lower substitution elasticities for fossil fuels are considerably higher for thermal heating processes. Nonetheless, electricity is found to be a poor substitute for other fuels based on both aggregate data and separately for the heating process. This study also finds that an increase in real fuel prices resulted in higher substitution elasticities based on aggregate data, and lower substitution elasticities for the heating process. The results of counterfactual decomposition of change in the estimated elasticities indicate that technological change was the major determinant of the differences in observed elasticities before and after the energy price increase.en
dc.publisherFaculty of Economics
dc.relation.ispartofseriesCambridge Working Papers in Economics
dc.relation.ispartofseriesEPRG Working Paper
dc.rightsAll Rights Reserveden
dc.rights.urihttps://www.rioxx.net/licenses/all-rights-reserved/en
dc.titleInterfuel Substitution and Energy Use in the UK Manufacturing Sectoren
dc.typeWorking Paperen
dc.type.versionnot applicableen
dc.identifier.doi10.17863/CAM.5668
dc.identifier.urlhttp://www.econ.cam.ac.uk/research/repec/cam/pdf/cwpe1032.pdf


Files in this item

Thumbnail

This item appears in the following Collection(s)

Show simple item record