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| Content Provider | AgEcon Search |
|---|---|
| Author | Banda, Benjamin M. Hassan, Rashid M. |
| Abstract | This study estimates inter-fuel substitution elasticities and long-run substitution elasticitiesbetween energy and non-energy aggregate inputs used by production sectors in Malawi. Allfuels are Morishima substitutes but there are significant sectoral variations in the magnitudeof the elasticities. This indicates that economic instruments should be considered for energypolicy but such policies should take into account not only differences in technology usedacross sectors but also the systematic distribution of costs when the relative prices of fuelschange. Estimates of long-run elasticities for aggregate input demands indicate that energycapitalinput ratios adjust faster than labor-capital input ratios. This suggests that investmentpolicy should take into consideration tradeoffs between environmental gains and employmentimplicit in the production structure of the Malawian economy, as both capital and labordemands have dynamic interactions with energy in the long run, with potential significantcumulative impacts on the environment. |
| Related Links | https://ageconsearch.umn.edu/record/156949/files/Banda_06_01.pdf |
| Ending Page | 16 |
| Page Count | 16 |
| Starting Page | 1 |
| File Format | |
| ISSN | 19933738 |
| DOI | 10.22004/ag.econ.156949 |
| Journal | African Journal of Agricultural and Resource Economics |
| Issue Number | 1 |
| Volume Number | 06 |
| Language | English |
| Publisher | African Journal of Agricultural and Resource Economics |
| Publisher Date | 2011-01-01 |
| Access Restriction | Open |
| Subject Keyword | Applied Economics Agricultural Economics Agri-economic Open Access Database Research in Applied Economics Research in Agricultural Economics Higher Study On Agricultural Economics Higher Study On Applied Economics Agricultural Research Documents Agrarian Economy & Research Higher Study Agri-economics Research in Economics Agri-economic Open Access Repository Statistics in Agricultural Economics Inter-fuel Substitution Energy Aggregation Deforestation Carbon Emissions Environmental Economics and Policy |
| Content Type | Text |
| Resource Type | Article |
| Subject | Economics, Econometrics and Finance |
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