Substituição entre os insumos energéticos na economia brasileira: uma ilustração do uso do modelo translog

José Welisson Rossi

Brazilian Review of Econometrics, 1985, vol. 5, issue 1

Abstract: In this study we ilustrate the use of the translog model by estimating the possibi1ities of substitution among the energy inputs in the Brazilian economy during the period 1973-1981. The main results include: i) the low price elasticity (-0.14) for the demand of oil indicates that increases on the international prices of such an input would result in little reduction of its domestic consumption, resulting in serious consequences to the balance of payment and/or economic recession and domestic inflation; and ii) as oil and eletricity are substitutes (i.e., having positive elasticity of substitution) then increases on the prices of the former would enable the latter to play an increasingly important role in the economic activities of the country.

Date: 1985
References: Add references at CitEc
Citations:

Downloads: (external link)
https://periodicos.fgv.br/bre/article/view/3131 (text/html)

Related works:
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:sbe:breart:v:5:y:1985:i:1:a:3131

Access Statistics for this article

Brazilian Review of Econometrics is currently edited by Daniel Monte

More articles in Brazilian Review of Econometrics from Sociedade Brasileira de Econometria - SBE Contact information at EDIRC.
Bibliographic data for series maintained by Núcleo de Computação da FGV EPGE ().