Technological Change and Energy Consumption in Energy Intensive Industry
In this section, the relationship between technological between technological change and energy use in the German manfacturing sector is explored empirically. In particular, the impact of changes in energy prices is assesssed. First, the energy consumption of the German manfacturing sector is presented. Then econometric methods are applied to explore to what extent the observed decline in fuel intensity in the German manfacturing sector can be attributed to changes in the fuel prices over this period. Finally, using data for West Germany between 1970 and 1994, the total fuel intensity of the manfacturing sector is decomposed into structural change and efficiency effects.
KeywordsEnergy Intensity Relative Price Input Price Specific Fuel Consumption Steel Sector
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