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Pereira, A. & Borges, A.M. (1992). Energy demand in Portuguese manufacturing: A two-stage model. Energy. 17 (1), 61-77

A. M. Pereira and A. M. Borges,  "Energy demand in Portuguese manufacturing: A two-stage model", in Energy, vol. 17, no. 1, pp. 61-77, 1992

@article{pereira1992_1714614597985,
	author = "Pereira, A. and Borges, A.M.",
	title = "Energy demand in Portuguese manufacturing: A two-stage model",
	journal = "Energy",
	year = "1992",
	volume = "17",
	number = "1",
	doi = "10.1016/0360-5442(92)90033-V",
	pages = "61-77",
	url = "http://www.scopus.com/inward/record.url?eid=2-s2.0-0027008878&partnerID=MN8TOARS"
}

TY  - JOUR
TI  - Energy demand in Portuguese manufacturing: A two-stage model
T2  - Energy
VL  - 17
IS  - 1
AU  - Pereira, A.
AU  - Borges, A.M.
PY  - 1992
SP  - 61-77
SN  - 0360-5442
DO  - 10.1016/0360-5442(92)90033-V
UR  - http://www.scopus.com/inward/record.url?eid=2-s2.0-0027008878&partnerID=MN8TOARS
AB  - We use a two-stage model of factor demand to estimate the parameters determining energy demand in Portuguese manufacturing. In the first stage, a capital-labor-energy-materials framework is used to analyze the substitutability between energy as a whole and other factors of production. In the second stage, total energy demand is decomposed into oil, coal and electricity demands. The two stages are fully integrated since the energy composite used in the first stage and its price are obtained from the second stage energy sub-model. The estimates obtained indicate that energy demand in manufacturing responds significantly to price changes. In addition, estimation results suggest that there are important substitution possibilities among energy forms and between energy and other factors of production. The role of price changes in energy-demand forecasting, as well as in energy policy in general, is clearly established.
ER  -