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Energy Demand in Industry by Khayyat, Nabaz T is a scholarly article available to read on EtoBox.

What is Energy Demand in Industry about?

The book presents a stochastic analysis based on production risk and application of this method in the industrial sector under production risk where energy use is an input factor. ℗ℓUsing South Korea as a case study, the book empirically models energy demand at the industrial level and analyzes the results to identify key determinants of energy demand, productions level, productions risk and energy usage efficiency. Particular attention is paid to the factors that enhance production risk or increase variations in energy input during production. A dynamic panel model is specified and applied to 25 Korean industrial sectors over the period 1970-2007. The determinants of energy usage are identified and their effects in the form of elasticities of energy usage are estimated. In addition the structural changes in the energy demand pattern are explored. Stochastic production technology is applied to create two primary models: A production model where the energy usage is a determinant of output, and an energy demand model based on an inverted factor demand model where demand is a key determinant of the level of energy usage. The findings reveal that: First, there are large variations in t

Author

Khayyat, Nabaz T

Publisher

Springer Netherlands

Published

2015

Language

EN

ISBN

9789401799539