Fossil Fuel Producing Economies Have Greater Potential for Industrial Interfuel Substitution

This study analyzes industrial interfuel substitution in an international context using a large unbalanced panel dataset of 63 countries. We find that compared to other countries fossil fuel producing economies have higher short-term interfuel substitution elasticities. This difference increases fur...

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Bibliographic Details
Main Authors:	Steinbuks, Jevgenijs, Narayanan, Badri G.
Format:	Journal Article
Language:	en_US
Published:	Elsevier 2014
Subjects:	Dynamic linear logit Fossil fuel production Industrial energy demand International interfuel substitution
Online Access:	http://hdl.handle.net/10986/20658

id	okr-10986-20658
recordtype	oai_dc
spelling	okr-10986-206582021-04-23T14:03:59Z Fossil Fuel Producing Economies Have Greater Potential for Industrial Interfuel Substitution Steinbuks, Jevgenijs Narayanan, Badri G. Dynamic linear logit Fossil fuel production Industrial energy demand International interfuel substitution This study analyzes industrial interfuel substitution in an international context using a large unbalanced panel dataset of 63 countries. We find that compared to other countries fossil fuel producing economies have higher short-term interfuel substitution elasticities. This difference increases further in the long run as fossil fuel producing countries have a considerably longer adjustment of their fuel-using capital stock. These results imply lower economic cost for policies aimed at climate abatement and more efficient utilization of energy resources in energy-intensive economies. 2014-12-04T21:09:56Z 2014-12-04T21:09:56Z 2015-01 Journal Article Energy Economics 0140-9883 http://hdl.handle.net/10986/20658 en_US CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Elsevier Publications & Research :: Journal Article
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	en_US
topic	Dynamic linear logit Fossil fuel production Industrial energy demand International interfuel substitution
spellingShingle	Dynamic linear logit Fossil fuel production Industrial energy demand International interfuel substitution Steinbuks, Jevgenijs Narayanan, Badri G. Fossil Fuel Producing Economies Have Greater Potential for Industrial Interfuel Substitution
description	This study analyzes industrial interfuel substitution in an international context using a large unbalanced panel dataset of 63 countries. We find that compared to other countries fossil fuel producing economies have higher short-term interfuel substitution elasticities. This difference increases further in the long run as fossil fuel producing countries have a considerably longer adjustment of their fuel-using capital stock. These results imply lower economic cost for policies aimed at climate abatement and more efficient utilization of energy resources in energy-intensive economies.
format	Journal Article
author	Steinbuks, Jevgenijs Narayanan, Badri G.
author_facet	Steinbuks, Jevgenijs Narayanan, Badri G.
author_sort	Steinbuks, Jevgenijs
title	Fossil Fuel Producing Economies Have Greater Potential for Industrial Interfuel Substitution
title_short	Fossil Fuel Producing Economies Have Greater Potential for Industrial Interfuel Substitution
title_full	Fossil Fuel Producing Economies Have Greater Potential for Industrial Interfuel Substitution
title_fullStr	Fossil Fuel Producing Economies Have Greater Potential for Industrial Interfuel Substitution
title_full_unstemmed	Fossil Fuel Producing Economies Have Greater Potential for Industrial Interfuel Substitution
title_sort	fossil fuel producing economies have greater potential for industrial interfuel substitution
publisher	Elsevier
publishDate	2014
url	http://hdl.handle.net/10986/20658
_version_	1764446973140664320

Fossil Fuel Producing Economies Have Greater Potential for Industrial Interfuel Substitution

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