Fossil Fuel Producing Economies Have Greater Potential for Industrial Interfuel Substitution

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 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.

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Bibliographic Details
Main Authors: Steinbuks, Jevgenijs, Narayanan, Badri G.
Format: Journal Article biblioteca
Language:en_US
Published: Elsevier 2015-01
Subjects:Dynamic linear logit, Fossil fuel production, Industrial energy demand, International interfuel substitution,
Online Access:http://hdl.handle.net/10986/20658
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spelling dig-okr-10986206582021-04-23T14:03:59Z 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
institution Banco Mundial
collection DSpace
country Estados Unidos
countrycode US
component Bibliográfico
access En linea
databasecode dig-okr
tag biblioteca
region America del Norte
libraryname Biblioteca del Banco Mundial
language en_US
topic Dynamic linear logit
Fossil fuel production
Industrial energy demand
International interfuel substitution
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
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
topic_facet Dynamic linear logit
Fossil fuel production
Industrial energy demand
International interfuel substitution
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 2015-01
url http://hdl.handle.net/10986/20658
work_keys_str_mv AT steinbuksjevgenijs fossilfuelproducingeconomieshavegreaterpotentialforindustrialinterfuelsubstitution
AT narayananbadrig fossilfuelproducingeconomieshavegreaterpotentialforindustrialinterfuelsubstitution
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