Substitute or complement? Assessing renewable and nonrenewable energy in OECD countries

Surender Kumar, Hidemichi Fujii, Shunsuke Managi

研究成果: Article査読

50 被引用数 (Scopus)

抄録

The elasticity of interfuel substitution between renewable and nonrenewable energy is key to establishing effective climate change policy. This is the first study to estimate the elasticity of substitution between different fossil fuels and renewable resources. We used 12 manufacturing industry-level datasets for the OECD countries from 1995 to 2009. We found a complementary relationship from nonrenewable energy to renewable energy in eight industries, whereas a substitute relationship was maintained for four industries. In particular, the food and pulp industries had a strong complementary relationship.

本文言語English
ページ(範囲)1438-1459
ページ数22
ジャーナルApplied Economics
47
14
DOI
出版ステータスPublished - 2015 3月 22

ASJC Scopus subject areas

  • 経済学、計量経済学

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