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Capital-Energy Substitution: Evidence from a Panel of Irish Manufacturing Firms. ESRI Research Bulletin 2014/3/3

Haller, Stefanie A. and Hyland, Marie (2014) Capital-Energy Substitution: Evidence from a Panel of Irish Manufacturing Firms. ESRI Research Bulletin 2014/3/3. UNSPECIFIED.

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    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.

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    Item Type: Other
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > energy policy (Including international arena)
    Countries > Ireland
    EU policies and themes > Policies & related activities > economic and financial affairs > business/private economic activity
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Economic and Social Research Institute (ESRI), Dublin > ESRI Research Bulletin
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 12 Sep 2019 11:27
    Number of Pages: 4
    Last Modified: 12 Sep 2019 11:27
    URI: http://aei.pitt.edu/id/eprint/98603

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