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The potential of energy substitution in the industrial sector

The extent of substitutability between energy and the other factors (i.e. labour and capital) and between individual fuels (coal, electricity, natural gas and petroleum) is an extremely important question and quite central to energy policy, planning and analysis. This study considers the possibilit...

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Main Author: Abd. Aziz, Azlina
Format: Conference or Workshop Item
Language:English
Published: 2007
Subjects:
HD Industries. Land use. Labor
Online Access:http://repo.uum.edu.my/2392/1/Azlina_Aziz.pdf
http://repo.uum.edu.my/2392/
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spelling my.uum.repo.23922011-02-21T08:10:11Z http://repo.uum.edu.my/2392/ The potential of energy substitution in the industrial sector Abd. Aziz, Azlina HD Industries. Land use. Labor The extent of substitutability between energy and the other factors (i.e. labour and capital) and between individual fuels (coal, electricity, natural gas and petroleum) is an extremely important question and quite central to energy policy, planning and analysis. This study considers the possibilities of energy substitution in the industrial sector of 5 major energy producers of the developing world (Brazil, China, India, Indonesia and Venezuela). The theoretical model utilized in the study is the two-stage trans-log cost function. The model is estimated using time series data over the period 1978 to 2003. The results indicate substantial inter-factor and inter-fuel substitutions are possible in the industrial sector. Substitution possibilities were found (1) between capital and labour, between capital and energy and between energy and labour in the inter-factor model and (2) for most combination's of fuel types in the inter-fuel model. This implies that there is some flexibility in energy policy options and energy utilization. 2007 Conference or Workshop Item NonPeerReviewed application/pdf en http://repo.uum.edu.my/2392/1/Azlina_Aziz.pdf Abd. Aziz, Azlina (2007) The potential of energy substitution in the industrial sector. In: International Economic Conference on Trade and Industry (IECTI) 2007, 3 - 5 December 2007, Bayview Hotel Georgetown, Penang. (Unpublished)
institution Universiti Utara Malaysia
building UUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Utara Malaysia
content_source UUM Institutionali Repository
url_provider http://repo.uum.edu.my/
language English
topic HD Industries. Land use. Labor
spellingShingle HD Industries. Land use. Labor
Abd. Aziz, Azlina
The potential of energy substitution in the industrial sector
description The extent of substitutability between energy and the other factors (i.e. labour and capital) and between individual fuels (coal, electricity, natural gas and petroleum) is an extremely important question and quite central to energy policy, planning and analysis. This study considers the possibilities of energy substitution in the industrial sector of 5 major energy producers of the developing world (Brazil, China, India, Indonesia and Venezuela). The theoretical model utilized in the study is the two-stage trans-log cost function. The model is estimated using time series data over the period 1978 to 2003. The results indicate substantial inter-factor and inter-fuel substitutions are possible in the industrial sector. Substitution possibilities were found (1) between capital and labour, between capital and energy and between energy and labour in the inter-factor model and (2) for most combination's of fuel types in the inter-fuel model. This implies that there is some flexibility in energy policy options and energy utilization.
format Conference or Workshop Item
author Abd. Aziz, Azlina
author_facet Abd. Aziz, Azlina
author_sort Abd. Aziz, Azlina
title The potential of energy substitution in the industrial sector
title_short The potential of energy substitution in the industrial sector
title_full The potential of energy substitution in the industrial sector
title_fullStr The potential of energy substitution in the industrial sector
title_full_unstemmed The potential of energy substitution in the industrial sector
title_sort potential of energy substitution in the industrial sector
publishDate 2007
url http://repo.uum.edu.my/2392/1/Azlina_Aziz.pdf
http://repo.uum.edu.my/2392/
_version_ 1644278223357345792
score 13.251813

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