Industrial Demand for Energy

Robert Halborsen

No 166, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: In this study we examine the characteristics of industrial demand for energy, which accounts for more than one-fourth of annual energy consumption in the United States. Our research has been focused on four topics: 1. interfuel substitution in two-digit industries; 2. substitution among energy, capital and labor; 3. technical change in energy use; and 4. dynamic structure of energy demand. The results indicate that technical change has occurred through factor augmentation at unequal rates. Statistically significant labor-using and material-saving biases are found. There also appears to have been a small energy-saving bias, but it is not statistically significant.

Date: 1977-03
Note: EEE
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