Assessing Energy Price Induced Improvements in Efficiency of Capital in OECD Manufacturing Industries

To assess how capital stocks adapt to energy price changes, it is necessary to account for the impacts on different vintages of capital and to account separately for price-induced and autonomous improvements in the energy efficiency of capital stoc...

Full description

Bibliographic Details
Main Authors:	Steinbuks, Jevgenijs, Neuhoff, Karsten
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	AGRICULTURE APPROACH ASSETS AVAILABILITY AVERAGE PRICE BARRIERS TO ENERGY EFFICIENCY BASE YEAR BOILER CAPITAL ADJUSTMENT CAPITAL SERVICES CAPITAL STOCKS CAPITAL STRUCTURE CARBON DIOXIDE CARBON DIOXIDE EMISSIONS CARBON PRICE CARBON TAX CLIMATE CLIMATE CHANGE CLIMATE CHANGE MITIGATION CLIMATE CHANGE POLICIES CLIMATE POLICIES CLIMATE POLICY COAL COMMERCE COMMODITY PRICES COMPETITIVE PRODUCT COMPETITIVENESS CONSUMERS CONSUMPTION OF ENERGY CRUDE OIL CRUDE OIL PRICE DEFLATORS DEMAND ANALYSIS DEMAND ELASTICITY DEMAND FOR ENERGY DEMAND RESPONSE DERIVED DEMAND DEVELOPMENT POLICY DIESEL DISCOUNT RATE ECONOMETRIC ANALYSIS ECONOMETRIC MODELS ECONOMETRICS ECONOMIC ANALYSIS ECONOMIC GROWTH ECONOMIC IMPLICATIONS ECONOMIC MODELS ECONOMIC THEORY ECONOMICS ECONOMICS LITERATURE ECONOMY POLICY EFFICIENCY IMPROVEMENT EFFICIENCY IMPROVEMENTS ELECTRICITY EMISSION ENDOGENOUS VARIABLES ENERGY CARRIER ENERGY CARRIERS ENERGY CONSUMPTION ENERGY COSTS ENERGY DEMAND ENERGY DEMAND MODEL ENERGY ECONOMICS ENERGY EFFICIENCY ENERGY EFFICIENCY GAP ENERGY EFFICIENCY IMPROVEMENTS ENERGY EXPENDITURE ENERGY INPUT ENERGY INTENSITY ENERGY POLICY ENERGY PRICE ENERGY PRODUCTS ENERGY SAVINGS ENERGY USE ENERGY-SAVING TECHNOLOGIES ENVIRONMENTAL ECONOMICS EQUATIONS EXCHANGE RATES EXPECTED RETURNS EXPECTED VALUE EXPENDITURES EXTERNALITIES FACTOR DEMAND FACTOR PRICES FACTORS OF PRODUCTION FINANCIAL SUPPORT FIXED INPUTS FOSSIL FOSSIL FUEL FOSSIL FUEL CONSUMPTION FOSSIL FUEL EMISSIONS FUEL DEMAND FUEL OIL FUEL PRODUCTS FUELS FUNCTIONAL FORMS GASOLINE GASOLINE PRICES GASOLINE TAX GOVERNMENT PURCHASES GREENHOUSE GAS GREENHOUSE GAS EMISSIONS GREENHOUSE GASES HEATING SYSTEM HIGHER ENERGY PRICES HUMAN CAPITAL IMPROVEMENTS IN ENERGY EFFICIENCY INCOME INPUT PRICES INTEREST RATE INTERNATIONAL COMPETITIVENESS INTERNATIONAL TRADE INVESTMENT DECISIONS INVESTMENT OPPORTUNITIES LABOR MARKETS LIKELIHOOD FUNCTION MARKET BARRIERS MARKET STRUCTURE MONETARY ECONOMICS NATURAL GAS NOMINAL INTEREST RATE OBSOLESCENCE OIL OIL DEMAND OIL EQUIVALENT OPTIMIZATION PATERNALISM PETROCHEMICAL INDUSTRY PETROLEUM PETROLEUM PRODUCTS POLICY MAKERS POLITICAL ECONOMY PORTFOLIO POWER POWER PLANT PRICE CHANGE PRICE CHANGES PRICE ELASTICITY PRICE INCREASE PRICE INCREASES PRICE POLICIES PRODUCT MARKETS PRODUCTION FUNCTION PRODUCTION FUNCTIONS PRODUCTION INPUTS PRODUCTIVITY PROFIT MAXIMIZATION PURCHASING PURCHASING POWER RANDOM WALK REGULATORY POLICIES RELATIVE PRICES REPUBLIC RESIDENTIAL ENERGY RETURNS TO SCALE SCENARIOS SUBSTITUTE SUBSTITUTES SUBSTITUTION TAX POLICIES THERMAL EFFICIENCY THERMAL SYSTEM TOTAL OUTPUT USE OF CAPITAL VARIABLE COST VARIABLE INPUTS WAGES
Online Access:	http://documents.worldbank.org/curated/en/2014/06/19696243/assessing-energy-price-induced-improvements-efficiency-capital-oecd-manufacturing-industries http://hdl.handle.net/10986/18809