A note on demand elasticities for energy imports
Citation:
Barry Reilly, 'A note on demand elasticities for energy imports', Economic and Social Research Institute, Economic and Social Review, Vol.17, No. 2, January, 1986, 1986, pp147-158Download Item:
Abstract:
Annual Irish data on fuel imports are used to estimate inter-fuel substitution models. Both a four- and a three-input classification are employed in the estimation of a translog cost function. Restrictions implied by neo-classical production theory are imposed and statistically tested. The concavity and monotonicity conditions of the cost functions are also examined. Both models reject the neo-classical restrictions and their performances with regard to concavity and monotonicity conditions are mixed. Both cross- and own-price elasticities of demand for the fuel imports are also reported.
Author: Reilly, Barry
Publisher:
Economic & Social StudiesType of material:
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Series/Report no:
Economic and Social ReviewVol.17, No. 2, January, 1986
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Full text availableKeywords:
Fuel imports - Ireland, Energy - IrelandISSN:
0012-9984Metadata
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