| 来源类型 | FEEM working papers "Note di lavoro" series |
| 规范类型 | 论文 |
| Substitution Possibilities for Energy in the Italian Economy: A General to Specific Econometric Analysis | |
| Claudio Morana | |
| 发表日期 | 1997 |
| 出处 | Climate Change and Sustainable Development |
| 出版年 | 1997 |
| 语种 | 英语 |
| 摘要 | The paper considers a neo-classical model set in the cost function approach to estimate primary energy factor demands for the Italian economy, using a translog cost function specification. Cointegration theory is employed to estimate the long-run factor share model, and the general to specific methodology to derive an error correction formulation for the short-run adjustment process. Both quarterly and yearly series, for the period 1978q1-1994q4 and 1960-1994, respectively, have been considered in the analysis. The different energy sources substitution pattern obtained by the quarterly and annual series and the super exogeneity property of the annual model suggest the importance of using low frequency data rather than quarterly data in estimating long-run relationships. |
| 特色分类 | C51,C52,Q41 |
| 关键词 | Cointegration,Energy substitution,Super exogeneity |
| URL | https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/substitution-possibilities-for-energy-in-the-italian-economy-a-general-to-specific-econometric-analysis/ |
| 来源智库 | Fondazione Eni Enrico Mattei (Italy) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/116293 |
| 推荐引用方式 GB/T 7714 | Claudio Morana. Substitution Possibilities for Energy in the Italian Economy: A General to Specific Econometric Analysis. 1997. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| NDL1997-094.pdf（163KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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