
doi: 10.2172/918551
Pooled data across several developing countries and the U.S. were used to estimate long-run substitution and price elasticities ina translog framework for the paper, iron and steel, and aggregatemanufacturing industries. While the quality of the estimates variesacross the several industry-specific models, the results suggest highervalues for these elasticities than appear commonly used in integratedassessment models. Estimates of own-price elasticities of energy rangefrom - 0.80 to - 1.76 and are comparable to estimates from previouseconometric studies in the context of developed countries (- 0.77 to -0.87). Substitution elasticities show wider variation across countriesand industries. For energy and capital they range from -1.96 to 9.80, forlabor and energy from 2.61 to 7.11, and for energy and material from -0.26 to 2.07.
Iron, Developed Countries, Integrated Assessment Model Translog Fuel And Input Elasticityindustry India Brazil South Korea Us, Capital, Energy Range, 32, Elasticity, Manufacturing, 29, Econometrics, Prices Integrated Assessment Model Translog Fuel And Input Elasticityindustry India Brazil South Korea Us, Developing Countries
Iron, Developed Countries, Integrated Assessment Model Translog Fuel And Input Elasticityindustry India Brazil South Korea Us, Capital, Energy Range, 32, Elasticity, Manufacturing, 29, Econometrics, Prices Integrated Assessment Model Translog Fuel And Input Elasticityindustry India Brazil South Korea Us, Developing Countries
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