Industrial energy substitution during the 1980s in the Greek economy

Caloghirou, YD; Mourelatos, AG; Thompson, H

dc.contributor.author	Caloghirou, YD	en
dc.contributor.author	Mourelatos, AG	en
dc.contributor.author	Thompson, H	en
dc.date.accessioned	2014-03-01T01:13:00Z
dc.date.available	2014-03-01T01:13:00Z
dc.date.issued	1997	en
dc.identifier.issn	0140-9883	en
dc.identifier.uri	https://dspace.lib.ntua.gr/xmlui/handle/123456789/12315
dc.subject	Econometric modelling	en
dc.subject	Energy substitution	en
dc.subject	Industry	en
dc.subject.classification	Economics	en
dc.title	Industrial energy substitution during the 1980s in the Greek economy	en
heal.type	journalArticle	en
heal.identifier.primary	10.1016/S0140-9883(97)01026-8	en
heal.identifier.secondary	http://dx.doi.org/10.1016/S0140-9883(97)01026-8	en
heal.language	English	en
heal.publicationDate	1997	en
heal.abstract	Factor substitution in Greek manufacturing during the 1980s is examined, using pooled data in static and dynamic translog expenditure share models. Inputs are capital, labor, electricity and non-electrical energy (liquid, solid, gas). Own-price elasticities for capital and labor are inelastic, but for electricity more elastic (-0.90). Results indicate substitutability among factors in the short run. In the long run, electricity and capital are complements, as are labor and non-electrical energy. Greek manufacturing is predicted to continue decreased consumption of liquid fuels to the year 2000, continuing the electrification begun in the 1970s. (C) 1997 Elsevier Science B.V.	en
heal.publisher	ELSEVIER SCIENCE BV	en
heal.journalName	Energy Economics	en
dc.identifier.doi	10.1016/S0140-9883(97)01026-8	en
dc.identifier.isi	ISI:000071122500006	en
dc.identifier.volume	19	en
dc.identifier.issue	4	en
dc.identifier.spage	476	en
dc.identifier.epage	491	en