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

Alan Ingham, James Maw and Alistair Ulph

Year: 1991
Volume: Volume 12
Number: Number 4
DOI: 10.5547/ISSN0195-6574-EJ-Vol12-No4-3
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Abstract:
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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