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Choice of Technology and Long-Run Technical Change in Energy-Intensive Industries

Author

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  • Finn R. Forsund
  • Lennart Hjalmarsson

Abstract

The difference between short-run and long-run flexibility in energy use is an important topic in energy demand modeling. Dynamic formulations are required to reveal this difference. The microeconomic foundation for the distinction between short- and long-run energy substitution possibilities is the embodiment of production techniques.

Suggested Citation

  • Finn R. Forsund & Lennart Hjalmarsson, 1988. "Choice of Technology and Long-Run Technical Change in Energy-Intensive Industries," The Energy Journal, International Association for Energy Economics, vol. 0(Number 3), pages 79-97.
    • Handle: RePEc:aen:journl:1988v09-03-a03
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    Cited by:

    1. Førsund, Finn R. & Heshmati, Almas & Wang, Ke, 2018. "Dynamic Industry Productivity Measures: The case of thermal electricity generation by South Korean plants 2001-2008 and in Chinese regions 2000-2004," Memorandum 6/2018, Oslo University, Department of Economics.
    2. Constantin Belu, 2015. "Are distance measures effective at measuring efficiency? DEA meets the vintage model," Journal of Productivity Analysis, Springer, vol. 43(3), pages 237-248, June.
    3. Morakinyo Adetutu & Anthony Glass & Karligash Kenjegalieva & Robin Sickles, 2015. "The effects of efficiency and TFP growth on pollution in Europe: a multistage spatial analysis," Journal of Productivity Analysis, Springer, vol. 43(3), pages 307-326, June.
    4. Finn R. Førsund & Ke Wang, 2020. "Measures of industry productivity change: the case of thermal electricity generation in Chinese provinces 2000–2014," Journal of Productivity Analysis, Springer, vol. 53(1), pages 37-52, February.

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    JEL classification:

    • F0 - International Economics - - General

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