Fossil Fuel Producing Economies Have Greater Potential for Industrial Interfuel Substitution

• Tác giả: Jevgenijs Steinbuks
• Ngôn ngữ: eng
• Ký hiệu phân loại: 333.82 Fossil fuels
• Thông tin xuất bản: Elsevier, 2014
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 301029
• Chủ đề: 1. Dynamic linear logit; 2. Fossil fuel production; 3. Industrial energy demand; 4. International interfuel substitution

Tóm tắt

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.