ENERGY PRICES AND THE ADOPTION OF ENERGY-SAVING TECHNOLOGY

• 成果类型: Article
• 署名作者: Linn, Joshua
• 署名单位: University of Illinois System; University of Illinois Chicago; University of Illinois Chicago Hospital
• 刊物名称: ECONOMIC JOURNAL
• ISSN/ISSBN: 0013-0133
• DOI: 10.1111/j.1468-0297.2008.02199.x
• 发表日期: 2008
• 页码: 1986-2012
• 关键词: environmental-regulations; UNITED-STATES; EFFICIENCY; diffusion; putty; MODEL; OIL

摘要

This article investigates the link between factor prices, technology and factor demands. Using plant-level data from the Census of Manufactures, I compare the energy intensity of entrants and incumbents from 1967-97. A 10% increase in the price of energy reduces the relative energy intensity of entrants by 1%. The estimate implies that technology adoption by incumbents explains a statistically significant but relatively small fraction of changes in aggregate energy demand in the 1970s and 1980s. Furthermore, entrants' technology adoption can reduce the long run effect of energy prices on growth, but by less than previous research has found.