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- Title
Estimating energy price elasticities for the non-oil manufacturing industries in Kuwait.
- Authors
Eltony, Mohamed Nagy
- Abstract
This study dealt with the estimation of price elasticities for the non-oil manufacturing industrial energy demand for the case of Kuwait using the two-stage inter-fuel substitution approach. The estimated model has performed quite well and thus was simulated assuming a 100 per cent price shock in order to gain the short- and long-run own- and cross-price elasticities. The results suggest that a great deal of adjustment to higher prices comes from total energy demand and not from inter-fuel substitution.
- Subjects
KUWAIT; PETROLEUM industry; RHEOLOGY; MANUFACTURING industries; ENERGY industries; PRICING; FORECASTING; ELASTICITY (Economics)
- Publication
OPEC Energy Review, 2008, Vol 32, Issue 2, p184
- ISSN
1753-0229
- Publication type
Article
- DOI
10.1111/j.1753-0237.2008.00149.x