Inter Fuel Substitution And Energy Technology Heterogeneity In U.S. Manufacturing
March 1993
Working Paper Number:
CES-93-05
Abstract
This paper examines the causes of heterogeneity in energy technology across a large set of manufacturing plants. This paper explores how regional and intertemporal variation in energy prices, availability, and volatility influences a plant's energy technology adoption decision. Additionally, plant characteristics, such as size and energy intensity, are shown to greatly impact the energy technology adoption decision. A model of the energy technology adoption is developed and the parameters of the model are estimated using a large, plant-level dataset from the 1985 Manufacturing Energy Consumption Survey (MECS).
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production,
industrial,
technology,
manufacturer,
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efficiency,
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heterogeneity,
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industry heterogeneity,
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energy prices,
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Energy Information Administration,
Department of Energy,
Manufacturing Energy Consumption Survey
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