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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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 |
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Digital Repository |
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Foreign Institution |
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World Bank Open Knowledge Repository |
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World Bank |
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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 |