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|Title: ||Decomposing energy demand across BRIIC countries|
|Authors: ||Adetutu, Morakinyo O.|
Glass, Anthony J.
Weyman-Jones, Thomas G.
|Keywords: ||BRIIC countries|
Translog cost function
|Issue Date: ||2016|
|Publisher: ||© Elsevier|
|Citation: ||GLASS, A.J., ADETUTU, M. and WEYMAN-JONES, T.G., 2016. Decomposing energy demand across BRIIC countries. Energy Economics, 54, pp.396-404.|
|Abstract: ||Energy plays an important role within the production technology of fast emerging economies, such that firms' reaction to changes in energy prices provides useful information on factor productivity and factor intensity, as well as the likely outcome of energy policy initiatives, among other things. Drawing on duality theory, this paper decomposes changes in energy demand into substitution and output effects using annual sector-level production data for Brazil, Russia, India, Indonesia and China (BRIIC) for the period 1995–2009. Unlike previous studies, this study analyzed the economic properties of the underlying production technology. Results indicate that changes in energy demand are strongly dominated by substitution effects. More importantly, an intriguing finding that emerges from our analysis is the role of economies of scale and factor accumulation, as opposed to technical progress, in giving rise to the growth performance of sampled economies.|
|Description: ||This paper is closed access until 21st July 2017.|
|Version: ||Accepted for publication|
|Publisher Link: ||http://dx.doi.org/10.1016/j.eneco.2016.01.001|
|Appears in Collections:||Closed Access (Economics)|
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