Interfuel Substitution in the United States
In this paper, we use the locally flexible translog functional form to investigate the demand for energy and interfuel substitution in the United States and to provide a comparison of our results with most of the existing empirical energy demand literature. Motivated by the widespread practice of ig...
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2012
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| Online Access: | http://hdl.handle.net/10986/4938 |
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okr-10986-49382021-04-23T14:02:20Z Interfuel Substitution in the United States Serletis, Apostolos Timilsina, Govinda R. Vasetsky, Olexandr Energy: Demand and Supply Q410 In this paper, we use the locally flexible translog functional form to investigate the demand for energy and interfuel substitution in the United States and to provide a comparison of our results with most of the existing empirical energy demand literature. Motivated by the widespread practice of ignoring theoretical regularity, we follow Barnett's (2002) suggestions and estimate the model subject to theoretical regularity, using methods developed by Diewert and Wales (1987) and Ryan and Wales (2000), in an attempt to produce inference consistent with neoclassical microeconomic theory. Moreover, we use the most recent data, published by the U.S. Energy Information Administration (EIA), and in addition to investigating interfuel substitution possibilities in total U.S. energy demand, we follow Serletis et al. (2009) and also examine interfuel substitution possibilities in energy demand by sector. Moreover, we test for weak separability, with the objective of discovering the structure of the functional form in total energy demand as well as energy demand by sector. 2012-03-30T07:30:28Z 2012-03-30T07:30:28Z 2010 Journal Article Energy Economics 01409883 http://hdl.handle.net/10986/4938 EN http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Journal Article United States |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
EN |
| topic |
Energy: Demand and Supply Q410 |
| spellingShingle |
Energy: Demand and Supply Q410 Serletis, Apostolos Timilsina, Govinda R. Vasetsky, Olexandr Interfuel Substitution in the United States |
| geographic_facet |
United States |
| relation |
http://creativecommons.org/licenses/by-nc-nd/3.0/igo |
| description |
In this paper, we use the locally flexible translog functional form to investigate the demand for energy and interfuel substitution in the United States and to provide a comparison of our results with most of the existing empirical energy demand literature. Motivated by the widespread practice of ignoring theoretical regularity, we follow Barnett's (2002) suggestions and estimate the model subject to theoretical regularity, using methods developed by Diewert and Wales (1987) and Ryan and Wales (2000), in an attempt to produce inference consistent with neoclassical microeconomic theory. Moreover, we use the most recent data, published by the U.S. Energy Information Administration (EIA), and in addition to investigating interfuel substitution possibilities in total U.S. energy demand, we follow Serletis et al. (2009) and also examine interfuel substitution possibilities in energy demand by sector. Moreover, we test for weak separability, with the objective of discovering the structure of the functional form in total energy demand as well as energy demand by sector. |
| format |
Journal Article |
| author |
Serletis, Apostolos Timilsina, Govinda R. Vasetsky, Olexandr |
| author_facet |
Serletis, Apostolos Timilsina, Govinda R. Vasetsky, Olexandr |
| author_sort |
Serletis, Apostolos |
| title |
Interfuel Substitution in the United States |
| title_short |
Interfuel Substitution in the United States |
| title_full |
Interfuel Substitution in the United States |
| title_fullStr |
Interfuel Substitution in the United States |
| title_full_unstemmed |
Interfuel Substitution in the United States |
| title_sort |
interfuel substitution in the united states |
| publishDate |
2012 |
| url |
http://hdl.handle.net/10986/4938 |
| _version_ |
1764393316898570240 |