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Estimating Industrial Energy Demand with Firm-Level Data: The Case of Indonesia

Mark M. Pitt

Year: 1985
Volume: Volume 6
Number: Number 2
DOI: 10.5547/ISSN0195-6574-EJ-Vol6-No2-3
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A number of recent studies have analyzed the role of energy in the structure of production. Most have used either a single time series for a country's manufacturing sector or time series data pooled by country or manufacturing subsector. The absence of similar data sets for developing countries has precluded the same type of analysis of their production structures. This is unfortunate since the impact of higher energy prices on these countries has been at least as severe as on the industrial countries. Furthermore, since it is likely that their structure of production is significantly different, the results of the existing econometric literature may not be applicable in understanding the role of energy prices in their economies.

Firm-level Estimates of Fuel Substitution: An Application to Carbon Pricing

Marie Hyland and Stefanie Haller

Year: 2018
Volume: Volume 39
Number: Number 6
DOI: 10.5547/01956574.39.6.mhyl
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We estimate partial and total own and cross price elasticities between electricity, gas and oil, using firm-level data. We find that, based on the partial elasticity measure, electricity is the least-responsive fuel to changes in its own price and in the price of other fuels. The total elasticity measure, which adjusts the partial elasticity for changes in aggregate energy demand induced by individual fuel price changes, reveals that the demand for electricity is much more price responsive than the partial elasticity suggests. Our results illustrate the importance of accounting for the feedback effect between interfactor and interfuel elasticities when considering the effectiveness of environmental taxation. We use the estimated elasticities to simulate the impact of a �15/tCO2 carbon tax on average energy-related CO2 emissions. The carbon tax results in a small reduction in CO2 emissions from oil and gas use, but this reduction is partially offset by an increase in emissions due to increased electricity consumption by some firms.

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