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:: Volume 14, Issue 56 (Spring 1397 2018) ::
QEER 2018, 14(56): 61-85 Back to browse issues page
The Estimation of Substitution Elasticity Between Non-renewable & Renewable Energy Sources
Abstract:   (293 Views)
In this paper, we estimate update and accurate price and substitution elasticities  between non-renewable and renewable energy sources for the world industrial sector over the period 1990 to 2013.  We use  the locally flexible normalized quadratic (NQ) functional form to estimate elasticities. We find that as expected the Allen own-elasticities of substitution for the different inputs are negative. Moreover, the Morishima elasticities of substitution highlight the fact that the substitution between non-renewable and renewable energy factor has been high.  We can thus conclude that policies adopted to  expand use of  renewable energy, have been successful.
 
Keywords: Elasticities of substitution between renewable and non-renewable energy sources, Flexible normalized quadratic (NQ) functional form
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Type of Study: Thesis(PhD.) | Subject: انرژي هاي تجديدپذير و تجديدناپذير
Received: 2016/05/10 | Accepted: 2017/11/23 | Published: 2018/08/2
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The Estimation of Substitution Elasticity Between Non-renewable & Renewable Energy Sources . QEER. 2018; 14 (56) :61-85
URL: http://iiesj.ir/article-1-684-en.html


Volume 14, Issue 56 (Spring 1397 2018) Back to browse issues page
فصلنامه مطالعات اقتصاد انرژی Quarterly Energy Economics Review
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