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Long-run estimates of interfuel and interfactor elasticities

Ma, Chunbo; Stern, David


Meta-analyses of interfuel and capital-energy elasticities of substitution show that elasticity estimates are dependent on the type of data − time series, panel, or cross-section − and the estimators used. Econometric theory suggests that the between estimator might gen- erate the best estimates of long-run elasticities but no existing estimates of elasticities of substitution have used it. Alternatively, Chirinko et al. argued in favor of estimating long-run elasticities of substitution using...[Show more]

CollectionsANU Research Publications
Date published: 2016
Type: Journal article
Source: Resource and Energy Economics
DOI: 10.1016/j.reseneeco.2016.09.003


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