Energy Prices and the Adoption of Energy-Saving Technology

Bibliographic Data

ID9711671
AuthorsJoshua Linn (0000-0002-3407-6252, University of Illinois Chicago, corresponding author)
Year2008
Volume118
Issue533
Pages1986-2012
Publication date2008-11-01
Open AccessYes
TypeARTICLE
VenueThe Economic Journal (JOURNAL)
Journal identifiersISSN: 0013-0133 • E-ISSN: 1468-0297
PublisherOxford University Press (OUP) (PUBLISHER)
DOI10.1111/j.1468-0297.2008.02199.x
OpenAlexW1988835585
LanguageEN
Citations received3
References cited31

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. Copyright © The Author(s). Journal compilation © Royal Economic Society 2008

Economic history · Economics · Energy (signal processing · Physics · Volume (thermodynamics · Energy Efficiency and Management · Energy, Environment, and Transportation Policies · Energy, Environment, Economic Growth

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