Substitute or complement? Assessing renewable and nonrenewable energy in OECD countries

• Kumar, Surender

• Fujii, Hidemichi

• Managi, Shunsuke

抄録

The elasticity of interfuel substitution between renewable and nonrenewable energy is key to establishing effective climate change policy. This is the first study to estimate the elasticity of substitution between different fossil fuels and renewable resources. We used 12 manufacturing industry-level datasets for the OECD countries from 1995 to 2009. We found a complementary relationship from nonrenewable energy to renewable energy in eight industries, whereas a substitute relationship was maintained for four industries. In particular, the food and pulp industries had a strong complementary relationship.

Applied Economics, 47(14), pp.1438-1459; 2015

収録刊行物

• Applied Economics

  Applied Economics 47 (14), 1438-1459, 2015-03-22

  Routledge

キーワード

• directional distance function
• fossil fuels
• Morishima elasticity of substitution
• renewable energy
• shadow price of CO2

詳細情報

• CRID: 1050287297275306368
• NII論文ID: 120006986237
• ISSN: 00036846
• ISSN: 14664283
• DOI: 10.1080/00036846.2014.997922
• HANDLE: 10069/35126
• Web Site: https://nagasaki-u.repo.nii.ac.jp/records/6026
• Web Site: http://www.tandfonline.com/doi/pdf/10.1080/00036846.2014.997922
• 本文言語コード: en
• 資料種別: journal article
• データソース種別:
  • IRDB
  • Crossref
  • CiNii Articles
  • KAKEN