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Date

2015-01

ISSN

0140-9883

Published

2015-01

Author(s)

Steinbuks, Jevgenijs

Narayanan, Badri G.

Abstract

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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http://hdl.handle.net/10986/20658

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http://www.sciencedirect.com/science/article/pii/S0140988314002680

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• Cited 19 times in Scopus (View citations)