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Costly Capital Reallocation and Energy Use

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dc.affiliation.dptoUC3M. Departamento de Economíaes
dc.contributor.authorDíaz, Antoniaes
dc.contributor.authorPuch, Luis A.es
dc.contributor.authorGuilló, M. Doloreses
dc.date.accessioned2014-05-27T10:45:03Z
dc.date.available2014-05-27T10:45:03Z
dc.date.issued2004es
dc.description.abstractIn time series data, energy use does not change much with energy price changes. However, energy use is responsive to international differences in energy prices in cross-section data across countries. In this paper we consider a model of energy use in which production takes place at individual plants and capital can be used either to directly produce output or to reduce the energy required to run the plant. We assume that reallocating capital from one use to another is costly. This turns out to be crucial for the quantitative properties of the model to be in conformity with the low short-run and high long-run elasticities of energy use seen in data.en
dc.description.statusPublicadoes
dc.format.mimetypeapplication/pdf
dc.identifier.bibliographicCitationReview of Economic Dynamics, (2004), 7 (2), p. 494-518en
dc.identifier.doi10.1016/j.red.2003.09.005
dc.identifier.issn1094-2025
dc.identifier.publicationfirstpage494
dc.identifier.publicationissue2
dc.identifier.publicationlastpage518
dc.identifier.publicationtitleReview of Economic Dynamicsen
dc.identifier.publicationvolume7
dc.identifier.urihttp://hdl.handle.net/10016/4934
dc.language.isoenges
dc.publisherElsevieres
dc.relation.publisherversionhttp://dx.doi.org/10.1016/j.red.2003.09.005es
dc.rights© 2003 Elsevier Inc.es
dc.rights.accessRightsopen accessen
dc.subject.ecienciaEconomíaes
dc.subject.otherEnergy priceen
dc.subject.otherEnergy useen
dc.subject.otherCapital reallocationen
dc.subject.otherNumber of plantsen
dc.titleCostly Capital Reallocation and Energy Useen
dc.typeresearch article*
dc.type.hasVersionAM*
dc.type.reviewPeerRevieweden
dspace.entity.typePublication
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