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Cost Shares, Own, and Cross-Price Elasticities in U.S. Manufacturing with Disaggregated Energy Inputs

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  • Mahmood Moghimzadeh
  • Kern O. Kymn

Abstract

Our purpose is to estimate cost shares and own-land cross-price elasticities of the demand for factors in the production of manufacturing output. To achieve more precise estimates than those of previous researchers, we do not consider energy a single unified input. It is disaggregated instead into electric and nonelectric energy. The period considered spans the years 1954 to 1977. The following brief review of the literature outlines the background. Hudson and Jorgenson (1974) studied the demand for manufacturing production factors. They subsequently estimated the own- and cross-price elasticities of demand for the various factors by applying a translog cost function at the industry level. Their model included capital, labor, energy, and nonenergy inputs.

Suggested Citation

  • Mahmood Moghimzadeh & Kern O. Kymn, 1986. "Cost Shares, Own, and Cross-Price Elasticities in U.S. Manufacturing with Disaggregated Energy Inputs," The Energy Journal, , vol. 7(4), pages 65-80, October.
    • Handle: RePEc:sae:enejou:v:7:y:1986:i:4:p:65-80
    DOI: 10.5547/ISSN0195-6574-EJ-Vol7-No4-4
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    References listed on IDEAS

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    1. Robert S. Pindyck, 1979. "The Structure of World Energy Demand," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262661772, April.
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