Energy and Capital: Further Exploration of E-K Interactions and Economic Performance

Catherine Morrison Paul

The Energy Journal, 1993, vol. 14, issue 1, 217-243

Abstract: This paper explores some interactions between energy and capital that affect firms’ productive performance through indirect effects of energy price changes. Different capital stocks (including high-tech capital) and different U.S. manufacturing industries (including high and low energy- and capital-intensive industries) are examined. This allows evaluation of cross-effects, expressed as the impact of changing capital composition on energy conservation (computer-induced energy conservation) and energy price effects on capital returns (including composition, utilization and scale). The resulting effects on productivity growth are then considered, through the impact of energy price changes both on the demand and cost share of energy, and on the measured returns to different types of capital.

Keywords: E-K interactions; Energy; Capital; Productivity; Energy prices (search for similar items in EconPapers)
Date: 1993
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://journals.sagepub.com/doi/10.5547/ISSN0195-6574-EJ-Vol14-No1-9 (text/html)

Related works:
Journal Article: Energy and Capital: Further Exploration of E-K Interactions and Economic Performance (1993)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sae:enejou:v:14:y:1993:i:1:p:217-243

DOI: 10.5547/ISSN0195-6574-EJ-Vol14-No1-9

Access Statistics for this article

More articles in The Energy Journal
Bibliographic data for series maintained by SAGE Publications ().