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Choice of Technology and Long-Run Technical Change in Energy-Intensive Industries

The difference between short-run and long-run flexibility in energy use is an important topic in energy demand modeling. Dynamic formulations are required to reveal this difference. The microeconomic foundation for the distinction between short- and long-run energy substitution possibilities is the embodiment of production techniques.

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Energy Specializations: Energy Modeling – Sectoral Energy Demand & Technology; Electricity – R&D and Emerging Technologies

JEL Codes: Q41: Energy: Demand and Supply; Prices, Q40: Energy: General, D24: Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity, D22: Firm Behavior: Empirical Analysis

Keywords: Industrial energy intensity, Technology change, Productivity

DOI: 10.5547/ISSN0195-6574-EJ-Vol9-No3-3

Published in Volume 9, Number 3 of the bi-monthly journal of the IAEE's Energy Economics Education Foundation.


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