[Home ] [Archive]   [ فارسی ]  
:: Main :: About :: Current Issue :: Archive :: Search :: Submit :: Contact ::
:: Volume 22, Number 71 (Quarterly Journal of Economic Research and Policies 2014) ::
3 2014, 22(71): 157-172 Back to browse issues page
Estimating the Capital-Energy Substitution Elasticity in I.R. Iran Chemical Industry
sayed Ali Sobhanisabet *, Dr davood manzoor
, sobhanisabet@isu.ac.ir
Abstract:   (2468 Views)
This paper examines elasticity of substitution among electricity, other energy materials and capital in IR. Iran chemical industry, using time series data between (1998-2007). This analysis uses Tran slog production and cost functions due to their economic properties and production inputs are categorized into four categories including capital, labor, electricity and other energy materials. This production function were used to estimate the own, cross price, Morishima and Alen elasticity. The Morishima elasticity for capital-electricity estimated 1.588 and Alen elasticity for capital and other materials estimated 0.698. Cross elasticity between electricity and other materials was equal to (-1.363). So that the results of this paper indicate that capital, electricity and labor substitute each other. But electricity and other energy materials are found to be complements.
Keywords: Substitution of Capital and Energy, Allen Elasticity, Morishima Elasticity, System of Simultaneous Equations.
Full-Text [PDF 395 kb]   (785 Downloads)    
Type of Study: Research | Subject: Special
Received: 2013/02/6 | Accepted: 2013/09/1 | Published: 2014/12/8
Send email to the article author

Add your comments about this article
Your username or email:

Write the security code in the box >



XML   Persian Abstract   Print


Download citation:
BibTeX | RIS | EndNote | Medlars | ProCite | Reference Manager | RefWorks
Send citation to:

Sobhanisabet S A, manzoor D. Estimating the Capital-Energy Substitution Elasticity in I.R. Iran Chemical Industry. 3. 2014; 22 (71) :157-172
URL: http://qjerp.ir/article-1-461-en.html
Volume 22, Number 71 (Quarterly Journal of Economic Research and Policies 2014) Back to browse issues page
فصلنامه پژوهشها و سیاستهای اقتصادی Journal of Economic Research and Policies
Persian site map - English site map - Created in 0.052 seconds with 791 queries by yektaweb 3506