G2TT
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
URLhttps://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.
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