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Capital-Energy Substitution: Evidence from a Panel of Irish Manufacturing Firms
Author(s)
Date Issued
2014-09-18
Date Available
2017-06-15T11:58:59Z
Abstract
Using firm-level data from the Irish Census of Industrial Production for the period from 1991-2009, we look at how Irish manufacturing firms adjust their input mix in response to changing energy prices. We find that an increase in the price of energy causes the demand for energy inputs to fall, while the demand for capital, material and labour inputs rises. This indicates that the other factors of production are substitutable with energy in the Irish manufacturing sector.
Type of Material
Government Publication
Publisher
Economic and Social Research Institute
Series
2014/3/3
Keywords
Language
English
Status of Item
Peer reviewed
Part of
ESRI Research Bulletin
This item is made available under a Creative Commons License
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