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Energy Prices and Induced Innovation


Marketed By :  VDM Verlag Dr. Müller   Sold By :  Kamal Books International  
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  • Product Description

Technological progress plays a crucial ameliorating role in reducing energy consumption and in mitigating carbon emissions. The study provides an interesting description of innovations and diffusion across a wide range of countries over the period 1974 to 2000. It decomposes technological progress into technological innovations and diffusion of innovations. Innovations are further decomposed into exogenous and energy price induced innovations. It observes larger energy price induced innovations in developed countries in comparison to developing countries in the periods after first (1974) and second (1980) world oil crisis that caused substantial energy price increases. Second, the magnitude of factor bias arising from energy price induced forces is typically greater than the factor bias arising from exogenous forces. Third and finally, the estimates of elasticity of substitution lend support to the argument that the effective way to reduce energy consumption is an increasing overtime tax on energy use. The analysis should be especially useful for academicians and policy makers who are concerned with energy and climate change issues.

Product Specifications
SKU :COC42759
AuthorSurender Kumar
Number of Pages84
Publishing Year2010-06-13T00:00:00.000
Edition1 st
Book TypeElectronics & communications engineering
Country of ManufactureIndia
Product BrandVDM Verlag Dr. Müller
Product Packaging InfoBox
In The Box1 Piece
Product First Available On ClickOnCare.com2015-01-08 00:00:00