Modeling and Simulation of the U.S. Economy with Alternative Energy Availabilities
J. B. Penn,
Lars Brink () and
George D. Irwin
American Journal of Agricultural Economics, 1976, vol. 58, issue 4_Part_1, 663-671
The acute energy shortages of 1973–74 accentuated the pervasiveness of energy utilization in the U.S. economy and underscored the complexity of the system interrelationships. It was also revealed that little is known about these interrelationships. This article reports on a systems analysis of the short-run economic effects of alternative situations involving reduced energy availability. The impacts of several different energy availabilities are analyzed. Specifically, the situations considered are a 2% quantity reduction in domestic coal supply, a 1.0 and a 1.5 million barrel per day reduction in crude petroleum imports, and a 10% quantity reduction in natural gas supply.
References: Add references at CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed
Downloads: (external link)
Access to full text is restricted to subscribers.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:oup:ajagec:v:58:y:1976:i:4_part_1:p:663-671.
Access Statistics for this article
American Journal of Agricultural Economics is currently edited by Madhu Khanna, Brian E. Roe, James Vercammen and JunJie Wu
More articles in American Journal of Agricultural Economics from Agricultural and Applied Economics Association Contact information at EDIRC.
Bibliographic data for series maintained by Oxford University Press ().