On Interfuel Substitution : Some International Evidence

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dc.creatorSerletis, Apostolos
dc.creatorTimilsina, Govinda
dc.creatorVasetsky, Olexandr
dc.date2012-03-19T19:12:11Z
dc.date2012-03-19T19:12:11Z
dc.date2009-08-01
dc.date.accessioned2026-07-01T01:15:11Z
dc.descriptionThis paper estimates interfuel substitution elasticities in selected developing and industrialized economies at the national and sector levels. In doing so, it employs state-of-the-art techniques in microeconometrics, particularly the locally flexible normalized quadratic functional forms, and provides evidence consistent with neoclassical microeconomic theory. The results indicate that the interfuel substitution elasticities are consistently below unity, revealing the limited ability to substitute between major energy commodities (i.e., coal, oil, gas, and electricity). While the study finds some evidences of larger interfuel substitution potential in high-income economies as compared to that in the middle- and low-income economies in the industrial and transportation sectors, no such evidence is observed in the residential and electricity generation sectors or at the national level. The implication is that interfuel substitution depends on the structure of the economy, not the level of economic development. Moreover, a higher change in relative prices is needed to induce switching toward a lower carbon economy.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20090831140422
dc.identifierhttps://hdl.handle.net/10986/4226
dc.identifier10.1596/1813-9450-5026
dc.identifier.urihttp://hdl.handle.net/123456789/416477
dc.languageEnglish
dc.relationPolicy Research working paper ; no. WPS 5026
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.rightsWorld Bank
dc.subjectAPPROACH
dc.subjectAVAILABILITY
dc.subjectCARBON
dc.subjectCARBON DIOXIDE
dc.subjectCARBON DIOXIDE EMISSIONS
dc.subjectCARBON EMISSIONS
dc.subjectCLEAN ENERGY
dc.subjectCLIMATE CHANGE
dc.subjectCLIMATE CHANGE POLICY
dc.subjectCOAL
dc.subjectCOAL PRICE
dc.subjectCONSUMER DEMAND
dc.subjectCRUDE OIL
dc.subjectDEMAND FOR ENERGY
dc.subjectDEMAND FUNCTIONS
dc.subjectDIESEL
dc.subjectELASTICITY OF SUBSTITUTION
dc.subjectELECTRICITY
dc.subjectELECTRICITY GENERATION
dc.subjectELECTRICITY PRICES
dc.subjectENERGY CONSUMPTION
dc.subjectENERGY DEMAND
dc.subjectENERGY DEMAND ANALYSIS
dc.subjectENERGY ECONOMICS
dc.subjectENERGY INPUT
dc.subjectENERGY POLICY
dc.subjectENERGY PRICES
dc.subjectENERGY PROBLEM
dc.subjectEXPENDITURE
dc.subjectFOSSIL
dc.subjectFOSSIL FUEL
dc.subjectFOSSIL FUELS
dc.subjectFUEL
dc.subjectFUEL OIL
dc.subjectFUEL PRICE
dc.subjectFUEL PRICES
dc.subjectFUEL QUANTITIES
dc.subjectFUEL TYPES
dc.subjectFUELS
dc.subjectGAS
dc.subjectGASOLINE
dc.subjectGASOLINE PRICE
dc.subjectHIGH SULPHUR
dc.subjectHIGH SULPHUR FUEL OIL
dc.subjectHIGH-SULPHUR
dc.subjectHOUSEHOLD SECTOR
dc.subjectINCOME
dc.subjectINPUT PRICES
dc.subjectINTERNATIONAL ENERGY AGENCY
dc.subjectLIGHT FUEL OIL
dc.subjectNATURAL GAS
dc.subjectNATURAL GAS PRICES
dc.subjectNATURAL RESOURCES
dc.subjectOIL
dc.subjectOIL EQUIVALENT
dc.subjectOIL PRICE
dc.subjectOIL PRICES
dc.subjectPETROLEUM
dc.subjectPETROLEUM PRODUCTS
dc.subjectPRICE CHANGE
dc.subjectPRICE CHANGES
dc.subjectPRICE ELASTICITIES
dc.subjectPRICE ELASTICITY
dc.subjectPRICE INCREASES
dc.subjectPRICE INDEX
dc.subjectPRICE OF COAL
dc.subjectPRICE OF ELECTRICITY
dc.subjectPRICE OF GAS
dc.subjectPRICE OF GASOLINE
dc.subjectPRICE OF OIL
dc.subjectQUANTITY OF FUEL
dc.subjectSOURCE OF ENERGY
dc.subjectSTEAM COAL
dc.subjectSUBSTITUTE
dc.subjectSUBSTITUTES
dc.subjectSUPPLY FUNCTIONS
dc.subjectWORLD ENERGY
dc.titleOn Interfuel Substitution : Some International Evidence

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