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The Demand for Energy by U.K. Manufacturing Industry

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  • Lynk, Edward L

Abstract

Using an intertemporal maximizing model incorporating the costs of adjustment of the capital stock, demand elasticities for aggregate energy input and for individual fuel inputs are derived for the U.K. manufacturing industry for the postwar period. The results confirm the price sensitivity of energy subtypes and aggregate energy. In the long run, the demand for gas and petroleum appear to be significantly price elastic. The results also suggest that the full effects of the 1978-79 energy price shock have yet to be felt. Copyright 1989 by Blackwell Publishers Ltd and The Victoria University of Manchester

Suggested Citation

  • Lynk, Edward L, 1989. "The Demand for Energy by U.K. Manufacturing Industry," The Manchester School of Economic & Social Studies, University of Manchester, vol. 57(1), pages 1-16, March.
    • Handle: RePEc:bla:manch2:v:57:y:1989:i:1:p:1-16
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    Cited by:

    1. Hunt, Lester C. & Judge, Guy & Ninomiya, Yasushi, 2003. "Underlying trends and seasonality in UK energy demand: a sectoral analysis," Energy Economics, Elsevier, vol. 25(1), pages 93-118, January.
    2. Thomas Bue Bjørner & Henrik Holm Jensen, 2002. "Interfuel Substitution within Industrial Companies: An Analysis Based on Panel Data at Company Level," The Energy Journal, , vol. 23(2), pages 27-50, April.
    3. Roula Inglesi-Lotz, 2012. "The sensitivity of the South African industrial sector’s electricity consumption to electricity price fluctuations," Working Papers 201225, University of Pretoria, Department of Economics.
    4. Agnolucci, Paolo, 2009. "The energy demand in the British and German industrial sectors: Heterogeneity and common factors," Energy Economics, Elsevier, vol. 31(1), pages 175-187, January.

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