| dc.contributor.author | Linn, Joshua | en_US |
| dc.contributor.other | Massachusetts Institute of Technology. Center for Energy and Environmental Policy Research. | en_US |
| dc.date.accessioned | 2009-04-03T17:07:25Z | |
| dc.date.available | 2009-04-03T17:07:25Z | |
| dc.date.issued | 2006 | en_US |
| dc.identifier | 2006-012 | en_US |
| dc.identifier.uri | http://hdl.handle.net/1721.1/45058 | |
| dc.description.abstract | This paper investigates the link between factor prices, technology and factor demands. I estimate the effect of price-induced technology adoption on energy demand in the U.S. manufacturing sector, using plant data from the Census of Manufactures, 1963-1997. I compare the energy efficiency of entrants and incumbents to measure the effect of technology adoption on the demand for energy. A 10 percent increase in the price of energy causes technology adoption that reduces the energy demand of entrants by 1 percent. This elasticity has two implications: first, technology adoption explains a statistically significant but relatively small fraction of changes in energy demand in the 1970s and 1980s; and second, technology adoption can reduce the long run effect of energy prices on growth, but by less than previous research has found. | en_US |
| dc.format.extent | 30, [11] | en_US |
| dc.publisher | MIT Center for Energy and Environmental Policy Research | en_US |
| dc.relation.ispartofseries | MIT-CEEPR (Series) ; 06-012WP. | en_US |
| dc.title | Energy prices and the adoption of energy-saving technology | en_US |
| dc.type | Working Paper | en_US |
| dc.identifier.oclc | 159938432 | en_US |
