Articles producció científica> Economia

Energy import costs in a flexible input-output price model

  • Datos identificativos

    Identificador: imarina:6127498
    Handle: http://hdl.handle.net/20.500.11797/imarina6127498
  • Autores:

    Llop M
  • Otros:

    Autor según el artículo: Llop M
    Departamento: Economia
    Autor/es de la URV: Llop Llop, Maria
    Palabras clave: Substitution possibilities Primary inputs Price impacts Input-output model Energy import prices
    Resumen: © 2019 The Author A fundamental assumption of the input-output (IO) model is a fixed relationship between interindustry flows. In the price version of the model, the assumption of fixed-coefficients prevents the optimal mix of inputs being adjusted when relative prices change. The aim of this paper is to evaluate the role of energy import prices in the IO price model without the usual non-substitution technology inherent to the input-output structure. The analysis includes alternative substitution possibilities for the elements that comprise the sectoral costs, which are empirically implemented from an IO dataset. The various substitution scenarios are defined by three different cost structures: the Leontief, Cobb-Douglas and Constant Elasticity of Substitution (CES) functions. The empirical application to the Catalan economy illustrates the relevance of the flexibility option used for explaining the quantitative influence of energy import prices on domestic prices. Adapting the traditional input-output model to include factor substitution makes it possible to overcome the rigidity in transmitting price impacts, and illustrates a range of possible effects.
    Áreas temáticas: General o multidisciplinar Environmental studies Economics and econometrics Economics Economia Ciencias sociales
    Acceso a la licencia de uso: https://creativecommons.org/licenses/by/3.0/es/
    ISSN: 09287655
    Direcció de correo del autor: maria.llop@urv.cat
    Identificador del autor: 0000-0001-6609-7528
    Fecha de alta del registro: 2023-02-19
    Versión del articulo depositado: info:eu-repo/semantics/publishedVersion
    Enlace a la fuente original: https://www.sciencedirect.com/science/article/pii/S092876551930123X
    URL Documento de licencia: http://repositori.urv.cat/ca/proteccio-de-dades/
    Referencia al articulo segun fuente origial: Resource And Energy Economics. 59 (101130):
    Referencia de l'ítem segons les normes APA: Llop M (2020). Energy import costs in a flexible input-output price model. Resource And Energy Economics, 59(101130), -. DOI: 10.1016/j.reseneeco.2019.101130
    DOI del artículo: 10.1016/j.reseneeco.2019.101130
    Entidad: Universitat Rovira i Virgili
    Año de publicación de la revista: 2020
    Tipo de publicación: Journal Publications
  • Palabras clave:

    Economics,Economics and Econometrics,Environmental Studies
    Substitution possibilities
    Primary inputs
    Price impacts
    Input-output model
    Energy import prices
    General o multidisciplinar
    Environmental studies
    Economics and econometrics
    Economics
    Economia
    Ciencias sociales
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