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Testing for Barriers to Energy Conservation -- an Application of a Vintage Model

In this paper we use a sophisticated vintage model of the production structure of the U.K manufacturing sector to analyze the pattern of energy conservation over the period 1971-1987 and to test whether there is evidence of significant market imperfections which could act as barriers to energy conservation.

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Energy Specializations: Energy Efficiency

JEL Codes:
Q55 - Environmental Economics: Technological Innovation

Keywords: Energy conservation, Market barriers, Vintage model, UK manufacturing sector

DOI: 10.5547/ISSN0195-6574-EJ-Vol12-No4-3

Published in Volume 12, Number 4 of The Quarterly Journal of the IAEE's Energy Economics Education Foundation.