Economic growth and interfactor/interfuel substitution in Korea

被引：61

作者：

Cho, WG

Nam, K ^{[1
]}

Pagán, JA

机构：

[1] Univ Texas Pan Amer, Dept Econ & Finance, Edinburg, TX 78539 USA

[2] Univ Penn, Robert Wood Johnson Hlth & Soc Scholars Program, Philadelphia, PA 19104 USA

来源：

ENERGY ECONOMICS | 2004年 / 26卷 / 01期

关键词：

interfactor/interfuel substitutability; economic growth; developing country;

D O I：

10.1016/j.eneco.2003.04.001

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper investigates the impact of increases in oil consumption and changes in wage rates on the interfactor/interfuel substitution in Korea. A two-stage translog cost function is estimated to incorporate the feedback effect between the interfactor and interfuel substitution. Empirical results show that the substitutability/complementarity relationships among factors and fuels exhibit substantially different patterns before and after 1989. (C) 2003 Elsevier Science B.V. All rights reserved.

引用

页码：31 / 50

页数：20