Energy Prices and the Adoption of Energy-Saving Technology

Joshua Linn

Economic Journal, 2008, vol. 118, issue 533, 1986-2012

Abstract: This article investigates the link between factor prices, technology and factor demands. Using plant-level data from the Census of Manufactures, I compare the energy intensity of entrants and incumbents from 1967-97. A 10% increase in the price of energy reduces the relative energy intensity of entrants by 1%. The estimate implies that technology adoption by incumbents explains a statistically significant but relatively small fraction of changes in aggregate energy demand in the 1970s and 1980s. Furthermore, entrants' technology adoption can reduce the long run effect of energy prices on growth, but by less than previous research has found. Copyright © The Author(s). Journal compilation © Royal Economic Society 2008.

Date: 2008
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Journal Article: Energy Prices and the Adoption of Energy‐Saving Technology (2008)
Working Paper: Energy Prices and the Adoption of Energy-Saving Technology (2006)
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